Recent Fundings - Rental

Real Investments. Real Results.

Triplex

Jackson, MS

Loan Amount / $225,000
Rate / 8.000%

Purpose / Acquisition
LTV / 75.0%

$225,000 Mississippi DSCR Rental Loan for a Acquisition of a rental property in Jackson. This 1930’s Victorian triplex features original hardwood flooring and carpentry contributing to the overall charm and character. The property is currently fully occupied as a long-term rental.

Single-Family Residence

Oshkosh, WI

Loan Amount / $150,000
Rate / 10.000%

Purpose / Acquisition
LTV / 75.0%

$150,000 Wisconsin DSCR Rental Loan for a Acquisition of a rental property in Oshkosh. Located in a well-established residential market and a block away from Lake Winnebago, the property is nearby public schools and transportation, shopping, employment, and recreational facilities.

Duplex

Detroit, MI

Loan Amount / $94,500
Rate / 9.375%

Purpose / Cash-Out Refinance
LTV / 70.0%

$94,500 Michigan DSCR Rental Loan for a Cash-Out Refinance of a rental property in Detroit. This Colonial-style property is located in a cozy, safe neighborhood filled with other historic bungalows and colonial-style homes that have been converted into duplexes.

Quadruplex

Millville, NJ

Loan Amount / $264,000
Rate / 9.250%

Purpose / Acquisition
LTV / 74.6%

$264,000 New Jersey DSCR Rental Loan for an Acquisition of a rental property in Millville. Built in 1892, the property reflects some modernization, with updated features to the kitchens and bathrooms, including laminate floors, updated cabinets and counter tops.

Single-Family Residence

Atlanta, GA

Loan Amount / $532,000
Rate / 8.875%

Purpose / Cash-Out Refinance
LTV / 70.0%

$532,000 Georgia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Atlanta. This short-term rental is located north of Downtown Atlanta, situated within proximity to all necessary schools, retail amenities, healthcare facilities, and employment opportunities.

PUD

East Stroudsburg, PA

Loan Amount / $384,000
Rate / 7.875%

Purpose / Acquisition
LTV / 80.0%

$384,000 Pennsylvania DSCR Rental Loan for a Acquisition of a rental property in East Stroudsburg. This recently renovated property is just a walk away from Blue Mountain Lake and will be utilized as a short-term rental.

Single-Family Residence

Leavenworth, WA

Loan Amount / $400,000
Rate / 8.250%

Purpose / Cash-Out Refinance
LTV / 32.3%

$400,000 Washington DSCR Rental Loan for a Cash-Out Refinance of a rental property in Leavenworth. This short-term rental is located in the Cascade Mountains and known for being a Bavarian-inspired haven attracting tourists year round.

Single-Family Residence

Houston, TX

Loan Amount / $166,500
Rate / 8.250%

Purpose / Rate-Term Refinance
LTV / 71.8%

$166,500 Texas DSCR Rental Loan for a Rate-Term Refinance of a rental property in Houston. The property features a recently updated kitchen and bathrooms as well as new paint, drywall, new electrical, new plumbing, new HVAC, new flooring, and more. Located in Southeast Houston, the prime location provides access to an abundance of employment, recreational, and retail opportunities.

Duplex

New Orleans, LA

Loan Amount / $412,500
Rate / 8.250%

Purpose / Cash-Out Refinance
LTV / 75.0%

$412,500 Louisiana DSCR Rental Loan for a Cash-Out Refinance of a rental property in New Orleans. After multiple renovations this property now has insulated windows, tankless water heaters, a new roof, new floor coverings, renovated kitchen and baths with granite counters.

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