Recent Fundings - Rental

Real Investments. Real Results.

Duplex

Palmyra, NJ

Loan Amount / $250,250
Rate / 6.500%

Purpose / Cash-Out Refinance
LTV / 55.0%

$250,250 New Jersey DSCR Rental Loan for a Cash-Out Refinance of a rental property in Palmyra. This fully occupied duplex is located in a quaint suburban neighborhood and features modern flooring, appliances, and countertops in the kitchen and bathrooms of both units.

Single-Family Residence

Yonkers, NY

Loan Amount / $614,250
Rate / 7.375

Purpose / Rate-Term Refinance
LTV / 65.0%

$614,250 New York DSCR Rental Loan for a Rate-Term Refinance of a rental property in Yonkers. Located within a mile of two major highways that facilitate travel south to Manhattan, this suburban residence features an updated kitchen and bathrooms as well as two fireplaces, a wood patio, and a two-car garage.

Single-Family Residence

Etna, OH

Loan Amount / $237,000
Rate / 7.750%

Purpose / Cash-Out Refinance
LTV / 60.0%

$237,000 Ohio DSCR Rental Loan for an Acquisition of a rental property in Lorain. This property is within driving distance of the downtown area of Etna which features multiple retail shops, restaurants, and places of work.

Single-Family Residence

North Augusta, SC

Loan Amount / $140,000
Rate / 6.500%

Purpose / Rate-Term Refinance
LTV / 67.3%

$140,000 South Carolina DSCR Rental Loan for a Rate-Term Refinance of a rental property in North Augusta. This property features improvements including new windows, new flooring, updated bathrooms, plumbing, and electrical work. The residence is located five miles from the Savannah River, offering walking trails, gardens, and scenic parks.

PUD

Canyon Lake, TX

Loan Amount / $740,000
Rate / 7.875%

Purpose / Acquisition
LTV / 80.0%

$740,000 Texas DSCR Rental Loan for an Acquisition of a rental property in Canyon Lake. This waterfront property features resort-style living with a custom pool, outdoor kitchen, outdoor shower, and covered patios overlooking the water. Upon acquisition, this property will be utilized as a short-term rental property.

Single-Family Residence

Tampa, FL

Loan Amount / $1,242,000
Rate / 7.875%

Purpose / Cash-Out Refinance
LTV / 60.0%

$1,242,000 Florida DSCR Rental Loan for a Cash-Out Refinance of a rental property in Tampa. This contemporary-style short-term rental is situated southwest of downtown Tampa and just a mile east of Old Tampa Bay, benefiting from good access to beaches, the bay, local restaurants, and shopping areas.

Quadruplex

Rockford, IL

Loan Amount / $170,800
Rate / 7.250%

Purpose / Cash-Out Refinance
LTV / 70.0%

$170,800 Illinois DSCR Rental Loan for a Cash-Out Refinance of a rental property in Rockford. This property consists of four equal-sized units that have undergone multiple renovations including updated fans, paint, flooring, and bathrooms. Located within the largest city in Winnebago County, all four units are currently occupied on long-term leases.

Single-Family Residence

Ardmore, OK

Loan Amount / $107,100
Rate / 9.375%

Purpose / Cash-Out Refinance
LTV / 70.0%

$107,100 Oklahoma DSCR Rental Loan for a Cash-Out Refinance of a rental property in Ardmore. Located between Dallas, Texas and Oklahoma City, Oklahoma, this property is currently being utilized as a long-term rental.

Duplex

Klamath Falls, OR

Loan Amount / $156,000
Rate / 8.500%

Purpose / Cash-Out Refinance
LTV / 65.0%

$156,000 Oregon DSCR Rental Loan for a Cash-Out Refinance of a rental property in Klamath Falls. This fully occupied detached duplex features two sheds and recent renovations to the home’s roofs, windows, flooring, and countertops. The city is known for its proximity to Crater Lake and access to outdoor activities.

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