Recent Fundings - Rental

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Quadruplex

Jeffersonville, IN

Loan Amount / $607,500
Rate / 8.875%

Purpose / Acquisition
LTV / 75.0%

$607,500 Indiana DSCR Rental Loan for an Acquisition of a rental property in Jeffersonville. Jeffersonville, Indiana, is located on the other side of the Ohio River from Louisville, Kentucky. Louisville is home to the Kentucky Derby and is a big attraction for baseball fans as they can visit the Louisville Slugger Factory where major lease baseball bats are produced.

PUD

Angel Fire, NM

Loan Amount / 820,000
Rate / 9.875%

Purpose / Acquisition
LTV / 80.0%

$820,000 New Mexico DSCR Rental Loan for an Acquisition of a rental property in Angel Fire. This short-term rental features a studio space with a separate entrance, hot tub room, two-car garage, sunroom, and a workshop. Entertainment is no issue at this beautiful three story home.

Single-Family Residence

Morgantown, WV

Loan Amount / $210,000
Rate / 10.000%

Purpose / Rate-Term Refinance
LTV / 75.0%

$210,000 West Virginia DSCR Rental Loan for a Rate-Term Refinance of a rental property in Morgantown. This property contains three bedrooms and two and a half baths. Amenities include a two-car garage, hardwood floors, and a covered front porch.

Single-Family Residence

Albany Township, ME

Loan Amount / $400,000
Rate / 9.375%

Purpose / Cash-Out Refinance
LTV / 42.6%

$400,000 Maine DSCR Rental Loan for a Cash-Out Refinance of a rental property in Albany Township. Situated in the heart of the White Mountains National Park, a few miles from Sunday River Ski Resort which is one of Maine’s premier Ski Destinations, and a few miles away from the charming small town Bethel Village which offers a selection of retail shops and restaurants.

Single-Family Residence

Louisville, KY

Loan Amount / $91,999
Rate / 9.875%

Purpose / Acquisition
LTV / 80.0%

$91,999 Kentucky DSCR Rental Loan for an Acquisition of a rental property in Louisville. This property features a recently remodeled kitchen, bathroom, and other amenities. Located in the center of Louisville, the Ohio River is only a 5 minute drive.

Single-Family Residence

Leadville, CO

Loan Amount / $273,750
Rate / 7.875%

Purpose / Acquisition
LTV / 75.0%

$273,750 Colorado DSCR Rental Loan for a rental property in Leadville. This historical Victorian home has a cute front porch and a large fenced-in backyard and is located in the heart of Leadville. Close to the Rocky Mountains, several ski resorts as well as other recreational activities for visitors.

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.

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