Recent Fundings - Rental

Real Investments. Real Results.

Condo

New Orleans, LA

Loan Amount / $592,500
Rate / 8.875%

Purpose / Rate-Term Refinance
LTV / 75.0%

$592,500 Louisiana DSCR Rental Loan for a Rate-Term Refinance of a rental property in New Orleans. After recent renovations, this unit now has four bedrooms and two bathrooms, granite countertops, and modern finishes in the kitchen and bathrooms.

Condo

Brigantine, NJ

Loan Amount / $529,500
Rate / 8.125%

Purpose / Acquisition
LTV / 75.0%

$529,500 New Jersey DSCR Rental Loan for an Acquisition of a rental property in Brigantine. This property is south of Great bay and just west of the Atlantic Ocean, making this the perfect location to enjoy and relax on the beach. Upon acquisition, it will be utilized as a short-term rental.

Duplex

New Britain, CT

Loan Amount / $213,750
Rate / 7.750%

Purpose / Acquisition
LTV / 75.0%

$213,750 Connecticut DSCR Rental Loan for an Acquisition of a rental property in New Britain. This property is located in an active area and there is no shortage of shopping, restaurants, schools, and recreational activities in the surrounding area.

Single-Family Residence

Robbinsdale, MN

Loan Amount / $367,500
Rate / 8.875%

Purpose / Cash-Out Refinance
LTV / 75.0%

$367,500 Minnesota DSCR Rental Loan for a Cash-Out Refinance of a rental property in Robbinsdale. This property is currently occupied on a long-term lease. Despite being built in 1954, the home is in good condition thanks to renovations to the kitchen and bathrooms.

Single-Family Residence

Longmont, CO

Loan Amount / $609,700
Rate / 8.375%

Purpose / Cash-Out Refinance
LTV / 70.0%

$609,700 Colorado DSCR Rental Loan for a Cash-Out Refinance of a rental property in Longmont. This property is currently being utilized as a short-term rental after undergoing extensive renovations such as brand new appliances, refurbishment of the pool, a hot tub, and a new roof.

Single-Family Residence

Moneta, VA

Loan Amount / $1,462,500
Rate / 7.500%

Purpose / Cash-Out Refinance
LTV / 65.0%

$1,462,500 Virginia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Moneta. Within five miles lie wineries, marinas, a horse back riding farm, and state park hiking trails, this property allows convenient access to the abundant attractions offered around Virginia’s most popular lake.

Single-Family Residence

Harpers Ferry, WV

Loan Amount / $289,600
Rate / 8.000%

Purpose / Acquisition
LTV / 80.0%

$289,600 West Virginia DSCR Rental Loan for an Acquisition of a rental property in Harpers Ferry. Located in a well-established residential market, this property is in a suburban area of Jefferson City with good proximity to employment centers, supporting services, and amenities.

Single-Family Residence

Gulfport, MS

Loan Amount / $122,200
Rate / 8.625%

Purpose / Cash-Out Refinance
LTV / 74.1%

$122,200 Mississippi DSCR Rental Loan for a Cash-Out Refinance of a rental property in Gulfport. This property is in the “Norwood Sub” neighborhood of Gulfport, Mississippi, and is situated within proximity to necessary retail amenities, healthcare facilities, and employment opportunities.

Single-Family Residence

Saint Simons Island, GA

Loan Amount / $767,400
Rate / 8.500%

Purpose / Cash-Out Refinance
LTV / 60.0%

$767,400 Georgia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Saint Simons Island. Recent renovations on this property include, but are not limited to, new roofing, interior and exterior painting, an in-ground pool, and new flooring throughout.

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