DSCR loans for Wilmington-area Airbnb & VRBO investors
Wrightsville Beach, Carolina Beach, Kure Beach, and downtown Wilmington — qualify on STR income or market rent. Close in an LLC. 30-year fixed.
DSCR loans are the dominant financing product for Wilmington-area STR investors. The big advantage: you qualify on the property's cash flow — either a 12-month STR income statement or a market long-term-rent appraisal — instead of W-2s or tax returns. That's a perfect fit for investors who actively run multiple beach STRs and don't want to send a stack of 1040s every time they buy a new door.
What Wilmington STR DSCR borrowers get
- Qualify on actual STR income (12-month statement) OR market long-term rent
- Close in an LLC for liability protection and clean books
- 30-year fixed terms — no balloon payments
- Wrightsville Beach, Carolina Beach, Kure Beach, and Wilmington downtown all eligible
- Cash-out refi available to fund the next acquisition
- No personal income, no W-2, no tax returns required
Wilmington-area STR markets we finance
Wrightsville Beach
One of the strongest STR markets in NC. High nightly rates, strong shoulder-season demand, and tight regulation that limits supply (which protects your numbers).
Carolina Beach
More family-oriented than Wrightsville. Wider mix of property types — beach cottages, condos, and small multifamily. Strong year-round demand.
Kure Beach
Quieter, lower-density beach with a loyal repeat-visitor base. Good for investors who want a slower-paced STR with steady occupancy.
Downtown Wilmington
Historic-district STRs do well during festival weeks, weddings, and film/TV production. Higher operating cost but premium nightly rates.
How STR DSCR underwriting works
Most lenders allow two paths to qualify a short-term rental:
- Actual STR income. If you have 12 months of operating history (Airbnb / VRBO statements), the lender averages the trailing income and uses that for the DSCR calculation. Higher-performing STRs benefit.
- Market long-term rent (1007 appraisal). If the property doesn't have STR history, the appraiser estimates a long-term market rent and the lender uses that. More conservative but always available.
Tom will run both scenarios and tell you which path puts you in the best position.
Ready to add the next door?
Send Tom the address, asking price, and STR income (or market rent) — he'll run the DSCR math.
Or email Tom directly at thomas28403@gmail.com