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Recent Fundings - Rental

Real Investments. Real Results.

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.

Multifamily

Pittsburgh, PA

Loan Amount / $825,500
Rate / 8.875%

Purpose / Cash-Out Refinance
LTV / 65.0%

$825,500 Pennsylvania DSCR Rental Loan for a Cash-Out Refinance of a rental property in Pittsburgh. This five unit multifamily property has been recently renovated. Four of the five units are being utilized as short term rentals.

Single-Family Residence

Sevierville, TN

Loan Amount / $446,250
Rate / 8.250%

Purpose / Acquisition
LTV / 75.0%

$446,250 Tennessee DSCR Rental Loan for an Acquisition of a rental property in Sevierville. This STR faces the mountain view, offering a lovely sight for visitors. Being part of the Smoky Mountains, the property offers the perfect getaway location for anyone looking to take advantage of the scenery, along with the nearby trails, camp sites, museums, theme parks, among others.

Single-Family Residence

Kingsland, TX

Loan Amount / $1,125,600
Rate / 8.000%

Purpose / Rate-Term Refinance
LTV / 70.0%

$1,125,600 Texas DSCR Rental Loan for a Rate-Term Refinance of a rental property in Kingsland. Located on the Colorado River, this property is currently utilized as a short-term rental. Some recent renovations include, a full kitchen and bath remodel, new cabinetry, counter tops, appliances, and flooring.

Single-Family Residence

Ewing, NJ

Loan Amount / $262,500
Rate / 7.875%

Purpose / Cash-Out Refinance
LTV / 75.0%

$262,500 New Jersey DSCR Rental Loan for a Cash-Out Refinance of a rental property in Ewing. This fully renovated property has a very suburban feel, with a good-sized driveway and front, back and side yards complimented by a front porch and a back deck.

Single-Family Residence

Rupert, ID

Loan Amount / $240,000
Rate / 7.375%

Purpose / Rate-Term Refinance
LTV / 61.2%

$240,000 Idaho DSCR Rental Loan for a Rate-Term Refinance of a rental property in Rupert. This property is currently occupied on a long-term lease, featuring modern finishes in the kitchen that include custom cabinets, quartz counters, and a large island which highlights mosaic tiling.

Single-Family Residence

Gulfport, MS

Loan Amount / $134,400
Rate / 7.625%

Purpose / Cash-Out Refinance
LTV / 70.0%

$134,400 Mississippi DSCR Rental Loan for a Cash-Out Refinance of a rental property in Gulfport. This recently renovated property is currently being utilized as a short-term rental, located just a few blocks away from Gulfport Beach and Gulfport Yacht Club.

Single-Family Residence

Butte, MT

Loan Amount / $143,500
Rate / 8.000%

Purpose / Cash-Out Refinance
LTV / 70.0%

$367,500 Montana DSCR Rental Loan for a Cash-Out Refinance of a rental property in Butte. This property features a fenced in backyard perfect for pets or children, as well as a porch on the first floor and balcony on the second floor with views over the city of Butte.

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