Recent Fundings - Rental

Real Investments. Real Results.

Single-Family Residence

Austin, TX

Loan Amount / $310,000
Rate / 8.375%

Purpose / Cash-Out Refinance
LTV / 36.3%

$310,000 Texas DSCR Rental Loan for a Cash-Out Refinance of a rental property in Austin. Known as the Live Music Capital of the World Austin boasts a thriving music, arts, and cultural scene.

PUD

Springfield, MO

Loan Amount / $150,000
Rate / 8.750%

Purpose / Cash-Out Refinance
LTV / 75.0%

$150,000 Missouri DSCR Rental Loan for a Cash-Out Refinance of a rental property in Springfield. This property underwent considerable renovations since acquisition in early 2023. It is currently being used as a short-term rental.

Multifamily

Cincinnati, OH

Loan Amount / $455,000
Rate / 8.375%

Purpose / Acquisition
LTV / 70.0%

$455,000 Ohio DSCR Rental Loan for an Acquisition of a rental property in Cincinnati. All five units are 1,200 square feet and feature two bedrooms and one bathroom. Typical units feature granite countertops, hardwood flooring, and updated kitchens and bathrooms.

Single-Family Residence

Baltimore, MD

Loan Amount / $523,250
Rate / 74.5%

Purpose / Cash-Out Refinance
LTV / 9.375%

$523,250 Maryland DSCR Rental Loan for a Cash-Out Refinance of a rental property in Baltimore. Baltimore is known for its historic sites and is home to the National Aquarium and multiple Professional sports teams. The property is currently occupied on a long-term lease.

Duplex

Camden, NJ

Loan Amount / $113,236
Rate / 8.875%

Purpose / Rate-Term Refinance
LTV / 43.1%

$113,326 New Jersey DSCR Rental Loan for a Rate-Term Refinance of a rental property in Camden. Spanning three stories and built in 1890, this historic gem boasts a total of 2,074 square feet.

PUD

Palmer, AK

Loan Amount / $322,000
Rate / 9.375%

Purpose / Acquisition
LTV / 70.0%

$322,000 Alaska DSCR Rental Loan for an Acquisition of a rental property in Palmer. This property features two living areas, vaulted ceilings, a premium kitchen with an island in the kitchen, a garage, and more.

Single-Family Residence

New Orleans, LA

Loan Amount / $450,000
Rate / 9.375%

Purpose / Cash-Out Refinance
LTV / 75.0%

$450,000 Louisiana DSCR Rental Loan for a Cash-Out Refinance of a rental property in New Orleans. This property features brand new appliances, marble countertops, and modern finishes as well as a covered patio and balcony. In the heart of New Orleans, it’s within walking distance of many well-known tourist attractions such as the Riverwalk along the Mississippi River and Bourbon street.

Single-Family Residence

Stowe, VT

Loan Amount / $888,000
Rate / 6.625%

Purpose / Acquisition
LTV / 80.0%

$888,000 Vermont DSCR Rental Loan for an Acquisition of a rental property in Stowe. Currently used as a short-term rental, this property contains six bedrooms and three baths, with a total of twelve rooms.

Duplex

Garden City, KS

Loan Amount / $175,500
Rate / 8.625%

Purpose / Cash-Out Refinance
LTV / 65.0%

$175,500 Kansas DSCR Rental Loan for a Cash-Out Refinance of a rental property in Garden City. Both units on the property are being used as long-term rentals. This city attracts many for employment opportunities in the agricultural industry, known for wheat, corn, and beef.

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