MAMMOTH VACATION RENTALS
Mammoth Lakes, CA
$1,546,200
4 "Condotel" Units
Refinance & Acquisition Financing

A repeat client approached LFB seeking cash out of their two existing short-term vacation rental condos in order to purchase two additional units. The borrowers are ex-patriots living in Mexico and needed financing with lite documentation. The properties are all located in the desirable “Village at Mammoth Mountain” which is a popular tourist destination. The borrowers rent out their existing units through Airbnb and VRBO and have a strong rental history.

The properties have a “condotel” designation which, coupled with the short-term rental aspect, added complexity to the deal. LFB successfully identified a lender who provided two refinance loans and two purchase loans for a total funding of $1,546,200. The loans were up to 70% of value and started at 5.75% fixed for 30 years. The loans allowed the borrower to free up capital and expand their portfolio of vacation rental units.

More Transactions

Escena BTR
$30,840,600
Single-family BTR
Development and Construction Financing
Palm Springs, CA
Brasada Estates Phase 9
$7,500,999
Single-family Residential Project
Residential Construction
San Dimas, CA
Sunset Seven
$2,000,000
Land Development
Land Purchase
La Quinta, CA
LFB_Icon_Bird_Color

stay in touch

Today's Rates


This will close in 0 seconds