Recent Fundings - Rental

Real Investments. Real Results.

Single-Family Residence

Seattle, WA

Loan Amount / $1,188,200
Rate / 8.250%

Purpose / Cash-Out Refinance
LTV / 64.5%

$1,188,200 Washington DSCR Rental Loan for a Cash-Out Refinance of a rental property in Seattle. This short-term rental has undergone extensive renovations within the past year, including remodeled kitchens and bathrooms, and a complete exterior remodeling of the detached garage behind the property.

Single-Family Residence

Portsmouth, VA

Loan Amount / $227,500
Rate / 8.875%

Purpose / Rate-Term Refinance
LTV / 70.0%

$227,500 Virginia DSCR Rental Loan for a Rate-Term Refinance of a rental property in Portsmouth. Currently occupied on a long-term lease, this recently renovated property features updated kitchen and bathrooms with new floor coverings, plumbing, and light fixtures.

Duplex

Buffalo, NY

Loan Amount / $149,800
Rate / 8.125%

Purpose / Rate-Term Refinance
LTV / 70.0%

$149,800 New York DSCR Rental Loan for a Rate-Term Refinance of a rental property in Buffalo. This duplex features an open porch, a two-car garage, and a full basement. It is located in a suburban neighborhood northeast of downtown Buffalo, surrounded by similarly styled properties.

Duplex

New Haven, CT

Loan Amount / $225,000
Rate / 6.750%

Purpose / Cash-Out Refinance
LTV / 50.0%

$225,000 Connecticut DSCR Rental Loan for a Cash-Out Refinance of a rental property in New Haven. This property is currently fully leased out and stands in good condition following renovations to the kitchens, bathrooms, electrical, and plumbing.

Single-Family Residence

Savannah, GA

Loan Amount / $654,500
Rate / 6.375%

Purpose / Acquisition
LTV / 70.0%

$654,500 Georgia DSCR Rental Loan for an Acquisition of a rental property in Savannah. This short-term rental is located in a luxurious neighborhood and features a spacious balcony overlooking a paved patio, a grand family room on the bottom floor, and covered porches on both sides of the house.

Single-Family Residence

Monticello, IN

Loan Amount / $236,250
Rate / 8.500%

Purpose / Acquisition
LTV / 75.0%

$236,250 Indiana DSCR Rental Loan for an Acquisition of a rental property in Monticello. Monticello is known as a popular tourist destination in north-central Indiana. This property features original oak floors throughout and a cedar exterior that adds to the rustic feel of the property.

PUD

Plainfield, IL

Loan Amount / $165,000
Rate / 8.000%

Purpose / Cash-Out Refinance
LTV / 60.0%

$165,000 Illinois DSCR Rental Loan for a Cash-Out Refinance of a rental property in Plainfield. Located in a southwestern suburb of Chicago, the neighborhood is prosperous and pedestrian-focused with easy access to several interstates and state highways.

Single-Family Residence

Pooler, GA

Loan Amount / $344,000
Rate / 7.625%

Purpose / Rate-Term Refinance
LTV / 80.0%

$344,000 Georgia DSCR Rental Loan for a Rate-Term Refinance of a rental property in Pooler. This short-term rental has undergone recent extensive renovations that include new flooring, windows, an additional room, and fresh paint, among others.

Condo

Tempe, AZ

Loan Amount / $315,000
Rate / 8.625%

Purpose / Cash-Out Refinance
LTV / 60.0%

$315,000 Arizona DSCR Rental Loan for a Cash-Out Refinance of a rental property in Tempe. Located in the heart of downtown Tempe, this property is currently leased long-term and enjoys entertainment and shopping provided on Mill Avenue just one block away.

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