Recent Fundings - Rental

Real Investments. Real Results.

Single-Family Residence

Wilkes Barre, PA

Loan Amount / $117,750
Rate / 9.500%

Purpose / Cash-Out Refinance
LTV / 75.0%

$117,750 Pennsylvania DSCR Rental Loan for a Cash-Out Refinance of a rental property in Wilkes Barre. Featuring two bedrooms and one bathroom, this home features a porch and a one-car garage. Located in the center of Wilkes Barre, Pennsylvania, it is in close proximity to retail amenities, employment facilities, and schools such as King’s College and Wilkes University.

Condo

Saint Petersburg, FL

Loan Amount / $123,000
Rate / 8.750%

Purpose / Acquisition
LTV / 60.0%

$123,000 Florida DSCR Rental Loan for an Acquisition of a rental property in Saint Petersburg. The two-bed, one-bath condominium is completely turnkey, it features a recently remodeled kitchen and bathroom. The property is located in the heart of St. Petersburg, surrounded by grocery stores, restaurants, and other shopping attractions. Additionally, it is only a 15-minute walk to St. Petersburg’s renowned beaches.

Single-Family Residence

Ocean City, MD

Loan Amount / $974,999
Rate / 8.625%

Purpose / Acquisition
LTV / 75.0%

$974,999 Maryland DSCR Rental Loan for an Acquisition of a rental property in Ocean City. Equipped with a rear deck that is canal-facing, and its own private boat dock, the home is a perfect getaway retreat. Located in North Ocean City, the home is located just a few minutes walk away from the beach, numerous restaurants, and the Ocean City boardwalk.

Single-Family Residence

Yutan, NE

Loan Amount / $115,000
Rate / 10.000%

Purpose / Cash-Out Refinance
LTV / 62.2%

$115,000 Nebraska DSCR Rental Loan for a Cash-Out Refinance of a rental property in Yutan. The property is located in Yutan, thirty minutes from the center of Omaha. The residence also benefits from close proximity to the Platte River, which offers an abundance of recreational opportunities and is right next door to the Yutan Elementary School.

Single-Family Residence

Columbus, OH

Loan Amount / $152,250
Rate / 8.525%

Purpose / Acquisition
LTV / 75.0%

$152,250 Ohio DSCR Rental Loan for a Acquisition of a rental property in Columbus. Located in Columbus, Ohio, it is situated just a few minutes away from the John Glenn Columbus International Airport and in close proximity to all retail amenities, healthcare and employment facilities, and schools.

Single-Family Residence

Vero Beach, FL

Loan Amount / $1,105,000
Rate / 8.875%

Purpose / Cash-Out Refinance
LTV / 58.2%

$1,105,000 Florida DSCR Rental Loan for a Cash-Out Refinance of a rental property in Vero Beach. This trophy vacation property features a sizable in-ground pool and surrounding patio, first-story and second-story balconies, and a screened-in porch. Outside the house, the property includes an oversized driveway with room for up to five cars in the front and a three-car garage in the rear. Vero Beach is about equal distance from West Palm Beach and Orlando and is on the eastern front of the Florida panhandle, making it an excellent spot for long-term beach-loving tenants with medical, recreational, and professional amenities.

Duplex

Luzerne, PA

Loan Amount / $187,500
Rate / 9.750%

Purpose / Cash-Out Refinance
LTV / 75.0%

$187,500 Pennsylvania DSCR Rental Loan for a Cash-Out Refinance of a rental property in Wilkes Barre. As one of Pennsylvania’s largest metropolitan statistical areas, Scranton-Wilkes-Barre has a plethora of employment opportunities, educational sites, and retail and recreational amenities.

PUD

Newport, NC

Loan Amount / $241,867
Rate / 9.375%

Purpose / Acquisition
LTV / 75.0%

$241,867 North Carolina DSCR Rental Loan for an Acquisition of a rental property in Newport. Consisting of three bedrooms and two bathrooms it is in great condition and features granite countertops, stainless steel appliances, and modern finishes. The property is in close proximity to many tourist attractions such as Emerald Isle, the Croatan National Forest, and beach access to the Atlantic Ocean.

Single-Family Residence

Baltimore, MD

Loan Amount / $155,400
Rate / 9.250%

Purpose / Cash-Out Refinance
LTV / 70.0%

$155,400 Maryland DSCR Rental Loan for a Cash-Out Refinance of a rental property in Baltimore. This property is located just outside of Downtown Baltimore, minutes from the Patapsco River. Tenants can enjoy the busy city during the day and come home to Leakin Park, which offers hundreds of acres of green space and walking trails with historic brick fences and structures throughout.

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