Recent Fundings - Rental

Real Investments. Real Results.

Triplex

New Haven, CT

Loan Amount / $248,040
Rate / 8.125%

Purpose / Cash-Out Refinance
LTV / 63.6%

$248,040 Connecticut DSCR Rental Loan for a Cash-Out Refinance of a rental property in New Haven. This three-family colonial resides in a housing market of New Haven characterized by stable property values and homes selling in less than three months’ time on the market.

Single-Family Residence

Dayton, NJ

Loan Amount / $356,000
Rate / 8.125%

Purpose / Rate-Term Refinance
LTV / 64.7%

$356,000 New Jersey DSCR Rental Loan for a Rate-Term Refinance of a rental property in Dayton. This recently renovated property contains 3 bedrooms and two and a half baths. Renovations include an updated kitchen, bathroom, flooring, and new windows.

Single-Family Residence

Memphis, TN

Loan Amount / $88,900
Rate / 9.500%

Purpose / Cash-Out Refinance
LTV / 70.0%

$88,900 Tennessee DSCR Rental Loan for a Cash-Out Refinance of a rental property in Memphis. Since original purchase in 2021, renovations include new windows, fresh interior paint, and new hardwood floors throughout.

Single-Family Residence

Dryersburg, TN

Loan Amount / $77,800
Rate / 8.875%

Purpose / Rate-Term Refinance
LTV / 61.7%

$77,800 Tennessee DSCR Rental Loan for a Rate-Term Refinance of a rental property in Dryersburg. An experienced investor recently renovated this property in Northwestern Tennessee. Recent renovations that included new vinyl siding, a new roof, and new windows.

Single-Family Residence

Sand Springs, OK

Loan Amount / $108,750
Rate / 8.000%

Purpose / Cash-Out Refinance
LTV / 75.0%

$108,750 Oklahoma DSCR Rental Loan for a Cash-Out Refinance of a rental property in Sand Springs. The ranch-style home features an open-concept living area which is perfectly connected to the outdoors with easy access to the large backyard and patio through sliding doors. Located in the “Meadow Valley” neighborhood of Sand Springs, Oklahoma, it is within close proximity to all necessary amenities such as schools, retail facilities, and places of employment.

Multifamily

Greenville, SC

Loan Amount / $648,300
Rate / 8.375%

Purpose / Rate-Term Refinance
LTV / 59.5%

$648,300 South Carolina DSCR Rental Loan for a Rate-Term Refinance of a rental property in Greenville. Greenville is the perfect area to enjoy the outdoors as it is nestled within the Appalachian Mountains with several parks, river walks, and a large music scene. Greenville has increased substantially in popularity for young professionals and families due to its small city vibe but expansive professional opportunities.

Duplex

Jackson, MS

Loan Amount / $149,250
Rate / 8.375%

Purpose / Acquisition
LTV / 75.0%

$149,250 Mississippi DSCR Rental Loan for an Acquisition of a rental property in Jackson. This property includes energy-efficient features like insulated windows, ceiling fans, and insulated floors. This urban duplex will be used as a long-term rental upon acquisition.

Single-Family Residence

West Memphis, AR

Loan Amount / $79,000
Rate / 8.250%

Purpose / Acquisition
LTV / 64.8%

$79,000 Arkansas DSCR Rental Loan for an Acquisition of a rental property in West Memphis. Just a short 10-minute drive will take you to Downtown Memphis, Tennessee – the Home of Blues and the Birthplace of Rock N Roll. This area offers a plethora of entertainment, dining, and unique music tours and shows.

Single-Family Residence

Clinton, MS

Loan Amount / $138,750
Rate / 8.875%

Purpose / Cash-Out Refinance
LTV / 75.0%

$138,750 Mississippi DSCR Rental Loan for a Cash-Out Refinance of a rental property in Clinton. This property features 3 bedrooms and 2 bathrooms. Some improvements include, updated kitchen and bathrooms, new flooring, new interior paint, and more.

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