Recent Fundings - Rental

Real Investments. Real Results.

Single-Family Residence

Saint Cloud, MN

Loan Amount / $148,000
Rate / 8.125%

Purpose / Rate-Term Refinance
LTV / 80.0%

$148,000 Minnesota DSCR Rental Loan for a Rate-Term Refinance of a rental property in Saint Cloud. This property is well located in a suburban neighborhood just south of downtown Saint Cloud, within walking distance to various restaurants, bars, and the city’s main business district.

Single-Family Residence

Lake Ozark, MO

Loan Amount / $546,940
Rate / 8.750%

Purpose / Acquisition
LTV / 80.0%

$546,940 Missouri DSCR Rental Loan for an Acquisition of a rental property in Lake Ozark. This lake-front, short-term rental property features a spacious design finished with modern fixtures, as well as several amenities including mini golf and a game room with billiards and ping pong. Lake of the Ozarks is Missouri’s most popular lake destination, attracting visitors from across the country.

Duplex

Brunswick, ME

Loan Amount / $415,250
Rate / 7.375%

Purpose / Cash-Out Refinance
LTV / 55.0%

$415,250 Maine DSCR Rental Loan for a Cash-Out Refinance of a rental property in Brunswick. This property is in like-new condition and is located in a suburban neighborhood only 1.5 miles south of downtown Brunswick.

Single-Family Residence

Elsmere, KY

Loan Amount / $187,500
Rate / 7.875%

Purpose / Cash-Out Refinance
LTV / 75.0%

$187,500 Kentucky DSCR Rental Loan for a Cash-Out Refinance of a rental property in Elsmere. This property has undergone kitchen and bathroom renovations within the past year and is located within close proximity to employment centers, medical facilities, and parks.

Triplex

Milwaukee, WI

Loan Amount / $412,500
Rate / 7.500%

Purpose / Cash-Out Refinance
LTV / 75.0%

$367,500 Wisconsin DSCR Rental Loan for a Cash-Out Refinance of a rental property in Milwaukee. This triplex is situated in an urban neighborhood just two miles north of downtown Milwaukee. All three units are currently leased with long-term tenants.

Single-Family Residence

Jacksonville, AR

Loan Amount / $119,200
Rate / 7.875%

Purpose / Acquisition
LTV / 80.0%

$119,200 Arkansas DSCR Rental Loan for an Acquisition of a rental property in Jacksonville. This property is located in a family-friendly, suburban neighborhood with good access to many recreational areas for hiking and fishing, such as Holland Bottoms State Wildlife Area, Dupree Park and Lake, and Lake Pickthorne.

Single-Family Residence

Largo, FL

Loan Amount / $422,800
Rate / 7.875%

Purpose / Rate-Term Refinance
LTV / 80.0%

$422,800 Florida DSCR Rental Loan for a Rate-Term Refinance of a rental property in Largo. This short-term rental is approximately two and a half miles from Belleair Shore and four miles from Indian Rocks Beach.

Single-Family Residence

Emerald Isle, NC

Loan Amount / $1,193,000
Rate / 7.750%

Purpose / Acquisition
LTV / 66.6%

$1,193,000 North Carolina DSCR Rental Loan for an Acquisition of a rental property in Emerald Isle. This brand-new three-story oceanfront short-term rental property boasts seven bedrooms, four and a half bathrooms, two garages, over 1,000 square feet of covered decks and porches, an in-ground pool, and breathtaking views of the Atlantic Ocean.

Single-Family Residence

Wilmington, NC

Loan Amount / $496,000
Rate / 7.375%

Purpose / Acquisition
LTV / 80.0%

$496,000 North Carolina DSCR Rental Loan for an Acquisition of a rental property in Wilmington. Sitting mere miles from the coast line, this property is situated perfectly amidst the area’s retail amenities, airport and beaches.

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