Recent Fundings - Rental

Real Investments. Real Results.

Single-Family Residence

Center Moriches, NY

Loan Amount / $765,000
Rate / 8.750%

Purpose / Acquisition
LTV / 75.0%

$765,000 New York DSCR Rental Loan for an Acquisition of a rental property in Center Moriches. This property offers enjoyable waterfront views with an open deck at its rear that leads directly to Moriches Bay. The home will be utilized as a short-term rental upon acquisition.

Quadruplex

Indianapolis, IN

Loan Amount / $172,500
Rate / 8.750%

Purpose / Acquisition
LTV / 75.0%

$172,500 Indiana DSCR Rental Loan for an Acquisition of a rental property in Indianapolis. This multi-family property is located between the Near Eastside and Christian Park neighborhoods of central Indianapolis, benefitting from being in close proximity to all the amenities of a large city like Indianapolis.

Condo

Murrells Inlet, SC

Loan Amount / $175,000
Rate / 6.750%

Purpose / Acquisition
LTV / 70.0%

$175,000 South Carolina DSCR Rental Loan for an Acquisition of a rental property in Murrells Inlet. This property features a full kitchen, dining, and living room area perfectly suitable for individuals or couples as well as an outdoor porch offers breathtaking ocean views of the Atlantic.

Single-Family Residence

Elmhurst, IL

Loan Amount / $2,293,000
Rate / 7.625%

Purpose / Cash-Out Refinance
LTV / 43.7%

$2,293,000 Illinois DSCR Rental Loan for a Cash-Out Refinance of a rental property in Elmhurst. Located blocks away from Elmhurst University, this property has been fully renovated within the past year to allow for large additions to the house.

Condo

Denver, CO

Loan Amount / $359,999
Rate / 9.000%

Purpose / Acquisition
LTV / 70.0%

$359,999 Colorado DSCR Rental Loan for an Acquisition of a rental property in Denver. This condo is in great condition and has an elegant modern facade with large windows, dual balconies, and contemporary finishes throughout the kitchen and bathrooms. The property will be utilized as a short-term rental upon acquisition.

Single-Family Residence

Milwaukee, WI

Loan Amount / $206,250
Rate / 7.000%

Purpose / Cash-Out Refinance
LTV / 75.0%

$206,250 Wisconsin DSCR Rental Loan for a Cash-Out Refinance of a rental property in Milwaukee. Situated on a tranquil residential street with convenient access to local traffic arteries, its strategic location provides easy reach to schools, shopping centers, recreational facilities, and highways.

Condo

New Orleans, LA

Loan Amount / $730,000
Rate / 8.000%

Purpose / Rate-Term Refinance
LTV / 69.6%

$730,000 Louisiana DSCR Rental Loan for a Rate-Term Refinance of a rental property in New Orleans. New Orleans is known for its distinctive music, Creole cuisine, and its annual celebrations and festivals such as Mardi Gras. Now that renovations have been completed, this property will be utilized as a short-term rental.

Single-Family Residence

Richmond, VA

Loan Amount / $236,775
Rate / 7.250%

Purpose / Cash-Out Refinance
LTV / 70.0%

$236,775 Virginia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Richmond. This colonial-style home features a private rear deck and yard, as well as a garage and scuttle attic. Located in the capital of Virginia, the residence enjoys a culture of rich history, stunning architecture, and a thriving arts scene.

Single-Family Residence

Dent, MN

Loan Amount / $272,000
Rate / 9.250%

Purpose / Cash-Out Refinance
LTV / 56.1%

$272,000 Minnesota DSCR Rental Loan for a Cash-Out Refinance of a rental property in Dent. This property is in good condition and is located off Otter Trail Scenic Byway, next to Big McDonald Lake, in northwest Dent.

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