THE BM SELECT
INVESTOR EDGE
STAY
FLEX
Airbnb mortgages made easy. Get approvals at bank
rates on short-term rental properties.
Click here! to download the Investor Edge Toolkit.
Stay Flex changes the game.
It’s a program designed to make it easy for Investors to get mortgages on Short-Term rental properties, but with low, bank-like interest rates. Finally, a hassle-free financing option without having to hide that your property is on Airbnb or some other short-term rental platform.
Whether it’s a lakeside cabin or a high-traffic city condo, we help you turn short-term rentals into long-term wealth — with low, bank-like interest rates and flexible structures that actually work.
Why Stay Flex?
- Traditional lenders often ignore the real income potential of short-term rentals. We designed Stay Flex to allow Investors to qualify based on what the property actually earns, not just long-term lease assumptions — making it a go-to option for growth-focused investors, cottage owners, and professional STR operators.
- This product is great for any investors looking to finance short term rental or Airbnb style properties.
Key points:
- This program is ideal for investors, vacation homes, cottage owners, and property managers
- Targeting short-term and mid-term rental properties
- Big bank-like low Interest rates
- Maximum 75% loan to value
- Maximum 30-year amortization
- Subject property must be in a short-term rental permitted municipality
- Ability to use market rent analysis to quantify short-term rental income or 2 year history showing gross rents received
- No extra interest rate premiums
Real examples ... How it works
Example #1: Joe and Susan's Airbnb cottage investment
Joe and Susan have decided their next investment property is going to be an Airbnb cottage in the Kawartha Lakes Ontario region.
Their realtor has found them the perfect property, a $900,000 cottage that will generate them $90,000 in gross revenue if turned into a short-term rental.
They went to their bank to get an approval and were told that they don’t qualify,
BECAUSE THE BANK WILL NOT USE SHORT TERM RENTAL INCOME.
Using our STAY FLEX program, we were able to approve the clients for a mortgage of $675,000.00 (75% of the price) at 4.19% on a 5-year fixed rate, 30-year amortization, yielding a mortgage payment of $3,283/month.
Let’s break down the numbers:
Investment breakdown
Investment capital in: $225,000 + closing costs
Projected annual income
$90,000 – Expected short-term rental revenue
Less:
- $10,000 – Cottage cleaning
- $7,500 – Maintenance and repairs
- $39,396 – Annual mortgage payments
- $6,300 – Annual property taxes
- $4,200 – Home insurance
= $22,604 Annual surplus
Best of all, these plans include Joe and Susan taking their family up to the cottage for 2 weeks during the summer as well as a couple long weekends in non-summer months.
Make money while owning a cottage and create memories for decades.
Example #2: Tom and Vanessa needed to refinance their Airbnb cottage
Tom and Vanessa have been Airbnb’ing their cottage for the last 5 years and things have been going well. But it’s time to do some much-needed repairs and touch-ups after that many years of short-term renters.
They went to their bank to do a refinance and take out some equity but were DECLINED because they told the truth; that the home was a short-term rental.
Using our Stay Flex program we were able to approve them for the renovation funds they needed and at the same rates as their bank.
Let’s break down the numbers:
Before deciding to do repairs and small renovations:
- $725,000 – Cottage value
- $315,000 – Current 1st mortgage balance
Tom and Vanessa want about $45,000 to fix their place up and erase the 5 years of short-term rental wear and tear. After applying to their bank for a refinance: DECLINED – Their bank will not finance short-term rental properties.
After Stay Flex:
- $362,000.00 – New mortgage amount at low bank-like interest rates
- $45,000 – Repair funds given to Tom and Vanessa from the refinance
Disclaimers
- Interest rates provided are subject to change and are for illustration only.
- Clients must meet the qualification requirements.
- All appraisals must be conducted by an approved, accredited appraiser.
- Lending programs and eligibility criteria are subject to change without notice.
- Clients are required to have sufficient equity or down payment to meet loan-to-value (LTV) limits.
- This program is only available in select provinces and may be subject to restricted loan-to-value based on loan size and location of property.
- Better Mortgage Select Ltd. is not responsible for delays, declines, or policy changes that may occur.
- Approval may be subject to a brokerage fee.
- You may be required to send in additional documentation at any part during the mortgage process up until the final closing.
