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Recent Fundings - Rental

Real Investments. Real Results.

Single-Family Residence

Hilo, HI

Loan Amount / $427,000
Rate / 8.500%

Purpose / Cash-Out Refinance
LTV / 70.0%

$427,000 Hawaii DSCR Rental Loan for a Cash-Out Refinance of a rental property in Hilo. Situated less than 2 miles from Hilo Bayfront Beach Park, this property enjoys prime access to the area’s natural surrounding and popular spots for recreation.

PUD

Rio Rancho, NM

Loan Amount / $255,000
Rate / 7.625%

Purpose / Acquisition
LTV / 69.9%

$255,000 New Mexico DSCR Rental Loan for an Acquisition of a rental property in Rio Rancho. Situated in a suburban neighborhood, this short-term rental provides access to both the city and the larger Albuquerque metropolitan area, as well as outdoor recreational opportunities in the nearby mountains.

Duplex

Worcester, MA

Loan Amount / $712,500
Rate / 7.375%

Purpose / Rate-Term Refinance
LTV / 75.0%

$712,500 Massachusetts DSCR Rental Loan for a Rate-Term Refinance of a rental property in Worcester. This fully occupied residence is conveniently close to major routes, shopping, employment opportunities, public services, and schools.

Single-Family Residence

Bend, OR

Loan Amount / $295,000
Rate / 7.500%

Purpose / Cash-Out Refinance
LTV / 61.5%

$295,000 Oregon DSCR Rental Loan for a Cash-Out Refinance of a rental property in Bend. Following its acquisition, the property underwent extensive renovations, including but not limited to drywall work, deck construction, the installation of cabinets and marble countertops, and more.

Triplex

Lakewood, OH

Loan Amount / $337,500
Rate / 7.625%

Purpose / Acquisition
LTV / 75.0%

$337,500 Ohio DSCR Rental Loan for an Acquisition of a rental property in Lakewood. This property is situated in the heart of western Lakewood and is within walking distance to schools, an award wining library, retail shops, and Lake Erie.

PUD

North Myrtle Beach, SC

Loan Amount / $350,880
Rate / 8.000%

Purpose / Acquisition
LTV / 80.0%

$350,880 South Carolina DSCR Rental Loan for an Acquisition of a rental property in North Myrtle Beach. This property is situated in a suburban neighborhood a block away from the beach and north of Main Street, a mile-long road dotted with bars, shopping, and restaurants. Upon acquisition, the residence will be utilized as a short-term rental.

Single-Family Residence

Michigan City, IN

Loan Amount / $242,900
Rate / 7.500%

Purpose / Cash-Out Refinance
LTV / 70.0%

$242,900 Indiana DSCR Rental Loan for a Cash-Out Refinance of a rental property in Michigan City. This property’s proximity to the clear beaches of Lake Michigan make it a desirable destination, combining the benefits of natural beauty, recreational opportunities, and a high quality of life.

Single-Family Residence

Front Royal, VA

Loan Amount / $351,000
Rate / 8.875%

Purpose / Cash-Out Refinance
LTV / 75.0%

$351,000 Virginia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Front Royal. This short-term rental property overlooks the river and has great access to Shenandoah National Park, the Blue Ridge Mountains, and Skyline Caverns.

PUD

Pigeon Forge, TN

Loan Amount / $600,000
Rate / 7.250%

Purpose / Cash-Out Refinance
LTV / 57.0%

$600,000 Tennessee DSCR Rental Loan for a Cash-Out Refinance of a rental property in Pigeon Forge. This cabin-style, short-term rental property features an indoor, inground pool, a covered porch, fireplace, and stainless steel appliances. The residence is within four miles of all of the town’s major attractions including theme parks, museums, dinner theatres, and other family-oriented recreational activities.

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