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Recent Fundings - Rental

Real Investments. Real Results.

PUD

North Myrtle Beach, SC

Loan Amount / $350,880
Rate / 8.000%

Purpose / Acquisition
LTV / 80.0%

$350,880 South Carolina DSCR Rental Loan for an Acquisition of a rental property in North Myrtle Beach. This property is situated in a suburban neighborhood a block away from the beach and north of Main Street, a mile-long road dotted with bars, shopping, and restaurants. Upon acquisition, the residence will be utilized as a short-term rental.

Single-Family Residence

Michigan City, IN

Loan Amount / $242,900
Rate / 7.500%

Purpose / Cash-Out Refinance
LTV / 70.0%

$242,900 Indiana DSCR Rental Loan for a Cash-Out Refinance of a rental property in Michigan City. This property’s proximity to the clear beaches of Lake Michigan make it a desirable destination, combining the benefits of natural beauty, recreational opportunities, and a high quality of life.

Single-Family Residence

Front Royal, VA

Loan Amount / $351,000
Rate / 8.875%

Purpose / Cash-Out Refinance
LTV / 75.0%

$351,000 Virginia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Front Royal. This short-term rental property overlooks the river and has great access to Shenandoah National Park, the Blue Ridge Mountains, and Skyline Caverns.

PUD

Pigeon Forge, TN

Loan Amount / $600,000
Rate / 7.250%

Purpose / Cash-Out Refinance
LTV / 57.0%

$600,000 Tennessee DSCR Rental Loan for a Cash-Out Refinance of a rental property in Pigeon Forge. This cabin-style, short-term rental property features an indoor, inground pool, a covered porch, fireplace, and stainless steel appliances. The residence is within four miles of all of the town’s major attractions including theme parks, museums, dinner theatres, and other family-oriented recreational activities.

Single-Family Residence

Radcliff, KY

Loan Amount / $161,450
Rate / 7.375%

Purpose / Rate-Term Refinance
LTV / 71.4%

$161,450 Kentucky DSCR Rental Loan for a Rate-Term Refinance of a rental property in Radcliff. Some features of this single-family residence include but are not limited to an outdoor shed, a two-car built-in garage, and a covered porch.

PUD

Plainfield, IL

Loan Amount / $200,000
Rate / 7.750%

Purpose / Rate-Term Refinance
LTV / 80.0%

$200,000 Illinois DSCR Rental Loan for a Rate-Term Refinance of a rental property in Plainfield. The residence is situated in a suburban neighborhood approximately a mile west of a major highway that facilitates travel into downtown Chicago.

Single-Family Residence

Jonesboro, GA

Loan Amount / $162,400
Rate / 6.750%

Purpose / Acquisition
LTV / 80.0%

$162,400 Georgia DSCR Rental Loan for an Acquisition of a rental property in Jonesboro. This single-floor home is located in a suburban neighborhood that is less than a mile south of Interstate 75 and a quick drive to the town’s center. Upon acquisition, the property will be utilized as a long-term rental.

Duplex

Lagrange, GA

Loan Amount / $185,250
Rate / 6.750%

Purpose / Cash-Out Refinance
LTV / 64.8%

$185,250 Georgia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Lagrange. This duplex is located in a medium-sized community southwest of Atlanta and features recent updates to the kitchen and bathrooms.

Single-Family Residence

Rehoboth Beach, DE

Loan Amount / $378,000
Rate / 7.000%

Purpose / Rate-Term Refinance
LTV / 63.2%

$378,000 Delaware DSCR Rental Loan for a Rate-Term Refinance of a rental property in Rehoboth Beach. Located less than a mile from the beach, the residence offers immediate access to a mix of relaxation, recreation, and cultural activities.

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