Recent Fundings - Rental

Real Investments. Real Results.

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.

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.

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