Case Study: DSCR STR Loan in Bartlett, NH
A White Mountains ski house in Bartlett, NH financed on AirDNA STR income. Ridge Street Capital closed it in 25 days.
nmin readReleased on:August 26, 2026Last updated on:August 27, 2026
About the Deal
A single-family home in Bartlett, New Hampshire - ski country, White Mountain National Forest, and one of the most recognized vacation rental markets in New England. The borrower was acquiring a property that generated substantial income as a short-term rental but failed standard qualification entirely.
What Made It Special
The long-term rent did not qualify, but the short-term rental income did. Zillow’s market rent estimate of $3,044 per month did not produce a DSCR above the 1.0 threshold on a $580,000 loan balance. Ridge Street Capital's DSCR loan for Airbnb underwrites on AirDNA projected income rather than long-term market rent. That income basis matched how the property was intended to operate. Without an STR DSCR loan, the deal would not have qualified under standard long-term rent underwriting.
The property was a vacation rental in a finite-supply market. Ski and mountain vacation rentals in established New England destinations do not behave like suburban long-term rentals. Seasonality, peak booking windows, and destination-market demand all affect projected income. Ridge Street Capital applied the income methodology that fit the asset, instead of using a long-term rent figure that understated the property’s earning potential.
The loan closed fast in a competitive market. Vacation rental acquisitions in known ski destinations can move quickly when the property is priced correctly. This deal closed in 25 days from application. Pre-approval and a clear lending timeline helped the investor compete against buyers offering faster certainty.
The Result
The investor purchased a White Mountains vacation rental financed with a 30-year fixed-rate DSCR loan. The deal was underwritten on short-term rental income projections, not long-term market rent.
- Loan amount: $580,000
- Loan type: 30-year fixed-rate STR DSCR loan
- Rate: 7.287%
- LTV: 80%
- Income basis: AirDNA STR projections
- Closed: 25 days
More About Ridge Street Capital
Ridge Street Capital provides fix-and-flip loans, DSCR rental loans, and ground-up construction financing to real estate investors across 36 states. Every deal is reviewed by a team focused exclusively on investment properties, so the underwriting questions are tied to what makes the project work.
Zach Cohen is the Managing Partner of Ridge Street Capital, a direct private lender providing hard money and DSCR loans to real estate investors across 35 states. Under his leadership, the firm has funded nearly $100 million in investment property loans. He regularly works with real estate investors on rental property acquisitions, refinances, and fix-and-flip projects across the country.
Fix and Flip Loans
Funding For Purchase + Rehab
- $50,000 up to $3,000,000
- Interest Rate 10.5%-11.5%
- Origination Fee From 1.5%
- Up to 90% of Purchase and 100% of Rehab
DSCR Loans For Long Term Rentals
Perfect for first-time investors or experienced investors scaling their rental portfolio.
- Up to $2,000,000
- Interest Rates from 6.0%
- Origination Fee From 0%
- Up to 80% of LTV
DSCR Loans For Short Term Rentals
Designed for investors pursuing higher rents with a short term rental strategy.
- Up to $2,000,000
- Interest Rates from 6.25%
- Origination Fee From 0%
- Up to 80% LTV
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