Recent Fundings - Rental

Real Investments. Real Results.

Triplex

New Haven, CT

Loan Amount / $330,000
Rate / 6.750%

Purpose / Cash-Out Refinance
LTV / 55.0%

$330,000 Connecticut DSCR Rental Loan for a Cash-Out Refinance of a rental property in New Haven. Recent renovations of this three-family colonial home include a new roof and hot water heaters as well as significant updates to the kitchens, bathrooms, electrical, and plumbing.

Quadruplex

Indianapolis, IN

Loan Amount / $187,500
Rate / 8.500%

Purpose / Acquisition
LTV / 75.0%

$187,500 Indiana DSCR Rental Loan for an Acquisition of a rental property in Indianapolis. This quadruplex is located in a commuter-friendly city, well-known as a center of several major interstates. It will continue its current use as a long-term rental upon acquisition.

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.

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