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Recent Fundings - Rental

Real Investments. Real Results.

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.

Single-Family Residence

Linden, MI

Loan Amount / $513,000
Rate / 8.125%

Purpose / Rate-Term Refinance
LTV / 75.0%

$513,000 Michigan DSCR Rental Loan for a Rate-Term Refinance of a rental property in Linden. Situated on the north end of Lobdell Lake, this property features a beam pole barn with a covered patio, a hot tub, an outdoor fire pit, lakefront views, and an outbuilding with a pool table and additional space for recreation.

Single-Family Residence

Cheyenne, WY

Loan Amount / $348,750
Rate / 8.875%

Purpose / Cash-Out Refinance
LTV / 75.0%

$348,750 Wyoming DSCR Rental Loan for a Cash-Out Refinance of a rental property in Cheyenne. The residence is situated in the capital and largest city of Wyoming, a city rich in historical significance and strategically located near the southeastern corner of the state. The residence features remodeled custom flooring and tiles, new interior finishes, and exterior paint.

Single-Family Residence

East Point, GA

Loan Amount / $505,000
Rate / 9.750%

Purpose / Rate-Term Refinance
LTV / 67.0%

$505,000 Georgia DSCR Rental Loan for a Rate-Term Refinance of a rental property in East Point. This property has undergone recent renovations and features an attached one-car garage as well as a detached two-car garage. Situated in a suburban neighborhood, the residence benefits from its proximity to the city’s amenities, job opportunities, and cultural attractions.

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