Recent Fundings - Rental

Real Investments. Real Results.

Single-Family Residence

Johns Island, SC

Loan Amount / $279,700
Rate / 8.500%

Purpose / Cash-Out Refinance
LTV / 64.9%

$279,700 South Carolina DSCR Rental Loan for a Cash-Out Refinance in Johns Island. This ranch-style short-term rental is situated on the fourth-largest island on the US east coast, Johns Island. Its natural beauty, abundance of wildlife, and welcoming lifestyle make it a great place to stay.

Single-Family Residence

Elmhurst, IL

Loan Amount / $851,500
Rate / 7.125%

Purpose / Cash-Out Refinance
LTV / 68.1%

$851,500 Illinois DSCR Rental Loan for a Cash-Out Refinance of a rental property in Elmhurst. Recent renovations of this property include a remodeled kitchen, remodeled bathrooms, a fully finished basement, a new fireplace, and fresh interior paint.

Condo

Breckenridge, CO

Loan Amount / $632,775
Rate / 7.750%

Purpose / Cash-Out Refinance
LTV / 64.9%

$632,775 Colorado DSCR Rental Loan for a Cash-Out Refinance of a rental property in Breckenridge. This cozy condo sits at the base of Breckenridge Ski Resort, allowing for ski-on and ski-off capabilities, and is situated a half mile west of Main Street, the town’s primary roadway.

PUD

Flagstaff, AZ

Loan Amount / $290,000
Rate / 7.000%

Purpose / Acquisition
LTV / 42.7%

$290,000 Arizona DSCR Rental Loan for an Acquisition of a rental property in Flagstaff. This property is situated near peaceful camping areas, ski resorts, and parks such as the Arboretum and Rogers Lake Nature Area. Upon acquisition, the property will be utilized as a long-term rental.

Single-Family Residence

Miami, FL

Loan Amount / $896,000
Rate / 8.750%

Purpose / Acquisition
LTV / 80.0%

$896,000 Florida DSCR Rental Loan for an Acquisition of a rental property in Miami. This property features a large chef-style kitchen, hard-wood flooring throughout, and renovated bathrooms with timeless finishes. Upon acquisition, the property will be utilized as a short-term rental.

Multifamily (10-Unit)

Myrtle Creek, OR

Loan Amount / $594,750
Rate / 9.000%

Purpose / Acquisition
LTV / 65.0%

$594,750 Oregon DSCR Rental Loan for an Acquisition of a rental property in Myrtle Creek. This two-story, fully occupied property benefits from its proximity to the South Umpqua River and Umpqua National Forest as well as local shops, restaurants, and parks.

Single-Family Residence

Sevierville, TN

Loan Amount / $1,470,000
Rate / 8.000%

Purpose / Cash-Out Refinance
LTV / 70.0%

$1,470,000 Tennessee DSCR Rental Loan for a Cash-Out Refinance of a rental property in Sevierville. This short-term rental features an indoor pool and an elevated deck offering magnificent views of the Smokey Mountains.

Single-Family Residence

Livingston, LA

Loan Amount / $186,400
Rate / 7.375%

Purpose / Rate-Term Refinance
LTV / 80.0%

$186,400 Louisiana DSCR Rental Loan for a Rate-Term Refinance of a rental property in Livingston. This newly built property is currently occupied on a long-term lease, situated in a suburban neighborhood that is well served by major highways within three miles.

Single-Family Residence

Toledo, OH

Loan Amount / $138,000
Rate / 7.125%

Purpose / Cash-Out Refinance
LTV / 75.0%

$138,000 Ohio DSCR Rental Loan for a Cash-Out Refinance of a rental property in Toledo. Currently occupied on a long-term lease, this traditional style home features a recently updated kitchen and bathrooms that contain granite countertops, subway tile backsplash, and modern finishes.

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