DSCR Refinance Short-Term Rental Loan for SFR in Bluffton, South Carolina

Funded by Navigator Private Capital


Deal Details

Private Loan Type


Approx. Funding Date


Property Type
Single Family Residence
Property City


Property State


Loan Term (months)


Lien Type

1st Mortgage

Payment Type


Property Value


Previous Loan Balance





30 years

Rate Type


Property Neighborhood

Palmetto Bluff

Location Type

Vacation Area

Property Condition


Number of Units


Building Square Footage


Lot Acreage


Borrower's Plan

Short-Term Rental

Exit Strategy


Borrower Credit Rating


Deal Highlights

Short-Term Vacation Rental Refinance Of Existing Bridge Loan.
Provided Client With Fixed 30-Year Rental Loan At 75% LTV.

Deal Summary

Navigator Private Capital, a nationwide private real estate lender, funded a $1,683,000 1st lien position DSCR refinance loan secured by a single-family short-term rental in the Palmetto Bluff neighborhood of Bluffton, SC. The property was appraised at $2,245,000 so the loan-to-value was 75%. We paid off a previous bridge loan balance of $1,763,125. Our Client secured its purchase in the fall of 2022 with a short-term bridge loan from a different lender. When the term was up, she went in search of permanent financing and found us. The Borrower did not request any cash out. In fact, she had to bring $139,542 in cash to the closing to cover the difference between the previous loan balance, plus point and closing costs. We were happy to provide her with a 30-year rental loan with escrows at a competitive fixed rate. Now our Client is in the position to manage this income-producing rental property knowing that the interest rate is fixed and payments are amortized. In this erratic economy, that is no small thing. The subject property is located in a vacation area and was in excellent condition. It was approximately 5,157 square feet set in a 0.36-acre lot. The Borrower had excellent credit. They plan to continue the short-term rental and eventually refinance as an exit strategy. The loan term was set at 30 years. This DSCR refinance short-term rental loan was funded in March 2023.

Funded By

Navigator Private Capital

Knowledge. Experience. Integrity.

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