Logan Finance vs Newfi Wholesale
What each lender publishes about financing short-term rentals, side by side. Logan Finance: not itemized. Newfi Wholesale: licensed in 49 states/dc.
The short version
- Logan Finance needs 12 months of STR history; Newfi Wholesale accepts STR history or a projection.
- Newfi Wholesale has the lower minimum credit score (640 vs 700).
- Newfi Wholesale has the higher max purchase LTV (80% vs 75%).
- Newfi Wholesale has the higher max cash-out LTV (80% vs 70%).
- Only Logan Finance publishes a minimum loan ($150K).
- Both publish a 1.00 minimum DSCR.
- Logan Finance does not allow first-time investors; Newfi Wholesale allows them.
Based only on published figures, checked Oct 19, 2026. Published maximums usually need top credit. Confirm with the lender.
| Term | Logan FinanceWholesale / correspondent | Newfi WholesaleWholesale |
|---|---|---|
| STR income method | 12-month history loganfinance.com · checked Oct 19, 2026 | Either newficorrespondent.com · checked Oct 19, 2026 |
| STR income details | 12-month history: Refi: lower of appraisal market rent or 12-month STR history (third-party manager verified); no % factor published. Projection: Purchase: appraisal market rent (long-term), not STR projections. STR max LTV 75%. loganfinance.com · checked Oct 19, 2026 | 12-month history: 12-month lookback, 80% of gross receipts. Projection: Purchases: 1007 STR, AirDNA Rentalizer (score/occupancy minimums) or rental data, at 80%; experienced investors only. STR min DSCR above 1.00. STR max LTV 75%. newficorrespondent.com · checked Oct 19, 2026 |
| Min credit score | 700 loganfinance.com · checked Oct 19, 2026 | 640 newfiwholesale.com · checked Oct 19, 2026 |
| Min DSCR | 1.00 loganfinance.com · checked Oct 19, 2026 | 1.00 newfiwholesale.com · checked Oct 19, 2026 |
| DSCR below 1.0 | No loganfinance.com · checked Oct 19, 2026 | No newfiwholesale.com · checked Oct 19, 2026 |
| No-ratio option | No loganfinance.com · checked Oct 19, 2026 | No newfiwholesale.com · checked Oct 19, 2026 |
| Max LTV (purchase) | 75% loganfinance.com · checked Oct 19, 2026 | 80% newfiwholesale.com · checked Oct 19, 2026 |
| Max LTV (cash-out/refi) | 70% loganfinance.com · checked Oct 19, 2026 | 80% newfiwholesale.com · checked Oct 19, 2026 |
| Min loan | $150K loganfinance.com · checked Oct 19, 2026 | Not published |
| Max loan | $1.5M loganfinance.com · checked Oct 19, 2026 | $3M newfiwholesale.com · checked Oct 19, 2026 |
| Prepayment | Required; 1-5 year options loganfinance.com · checked Oct 19, 2026 | Not published |
| States served | Not published | Licensed in 49 states/DC Licensing page (Nexera Holding LLC dba Newfi) lists 48 states + DC; site is not approved for use in New York. DSCR footprint is not itemized separately. newfi.com · checked Oct 19, 2026 |
| First-time investors | No loganfinance.com · checked Oct 19, 2026 | Yes Lender sources · checked Oct 18, 2026 |
| Channel | Wholesale / correspondent | Wholesale |
| Last verified |
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Not a lender or broker. No referral fees. For education only. Figures come from each lender's public pages on the date shown and can change without notice, so verify them with the lender. Rates are estimates, not quotes. How we source data.