Recent Fundings - Rental

Real Investments. Real Results.

Multifamily

Knoxville, TN

Loan Amount / $336,000
Rate / 9.000%

Purpose / Rate-Term Refinance
LTV / 70.0%

$336,000 Tennessee DSCR Rental Loan for a Rate-Term Refinance of a rental property in Knoxville. Knoxville is home to the University of Tennessee with ~34,000 students in addition to the general population of 190,740 people. The city has a diverse and growing economy with manufacturing, healthcare, education, and technology industries in addition to acting as a major transportation hub in the region with the intersection of I-40 and I-75. Rents in the South Knoxville Submarket have increased 7.4% yearly over the past decade.

Duplex

Daytona Beach, FL

Loan Amount / $205,800
Rate / 7.625%

Purpose / Acquisition
LTV / 79.8

$205,800 Florida DSCR Rental Loan for an Acquisition of a rental property in Daytona Beach. Located in front of the extensive Ridgewood Avenue, the property is easily integrated with the surrounding amenities that Daytona Beach has to offer. There are several options for shopping, schools, and attractions near the subject. Tenants of the property can thus enjoy the benefits of a suburban community, whether it be from the different golfing sites available to them, a visit to the nearby Daytona International Speedway, or, of course, spending the day at the coveted Daytona Beaches located only minutes away.

Single-Family Residence

Boston, MA

Loan Amount / $918,750
Rate / 8.000%

Purpose / Acquisition
LTV / 75.0

$918,750 Massachusetts DSCR Rental Loan for an Acquisition of a rental property in Boston. The property is located in close proximity to the Neponset River, Joseph Finnegan Park, and other tourist attractions. Boston, Massachusetts is home to the Red Sox Major League Baseball team, Harvard University, and multiple historic sites such as the American Revolution. Upon purchase, the property will be utilized as a short-term rental.

Single-Family Residence

Huntsville, AL

Loan Amount / $143,500
Rate / 7.125%

Purpose / Acquisition
LTV / 70.0%

$143,500 Alabama DSCR Rental Loan for an Acquisition of a rental property in Huntsville. This contemporarily designed property showcases new luxury vinyl tile flooring, along with a new roof, vinyl windows, and water heater. Not to mention the sleek updated bathrooms with black finishes and a remodeled kitchen with stainless steel appliances, granite cabinets, and a subway tile backsplash. The backyard is also large enough to add a pool, for now, the porch on the side of the house offers great shade to escape the Alabama heat.

Single-Family Residence

Concord, CA

Loan Amount / $515,000
Rate / 8.000%

Purpose / Cash-Out Refinance
LTV / 64.8%

$515,000 California DSCR Rental Loan for a Cash-Out Refinance of a rental property in Concord. The home features a remodeled kitchen and bathrooms, with modern finishes and quartz countertops. The family room has a fireplace and there is a kitchenette in the back of the home. Concord, California is in the San Francisco Bay Area and is known for Todos Santos Plaza, which hosts various concerts, restaurants, and community events throughout the year.

Single-Family Residence

Thornton, CO

Loan Amount / $252,000
Rate / 7.250%

Purpose / Cash-Out Refinance
LTV / 57.9%

$252,000 Colorado DSCR Rental Loan for a Cash-Out Refinance of a rental property in Thornton. Situated within walking distance to local elementary, middle, and high school and within close proximity to all necessary retail amenities, healthcare facilities, and employment opportunities. This property features three bedrooms and two bathrooms.

Multifamily

Lexington, NE

Loan Amount / $308,000
Rate / 8.500%

Purpose / Cash-Out Refinance
LTV / 70.0%

$308,000 Nebraska DSCR Rental Loan for a Cash-Out Refinance of a rental property in Lexington. The property is very central to Lexington and has no shortage of small businesses, workout facilities, parks, and wineries nearby. Platte River, a 310-mile river that runs close to Lexington, offers fishing, boating, and bird-watching, for those interested in the continental bird migration route. There is a plethora of wildlife in this area, as the moderate climate and flat plains offer an ideal habitat.

Duplex

San Bernardino, CA

Loan Amount / $388,500
Rate / 7.875%

Purpose / Cash-Out Refinance
LTV / 70.0%

$388,500 California DSCR Rental Loan for a Cash-Out Refinance of a rental property in San Bernardino. This duplex including an accessory dwelling unit is located right off of Interstate 215 in the center of San Bernardino, approximately 90 minutes from the center of Los Angeles and just outside the San Bernardino National Forest.

Triplex

Laredo, TX

Loan Amount / $153,300
Rate / 7.775%

Purpose / Cash-Out Refinance
LTV / 70.0%

$153,300 Texas DSCR Rental Loan for a Cash-Out Refinance of a rental property in Laredo. This property is located at the heart of Laredo, just minutes from the Rio Grande. This long-term rental offers a great location for tenants looking to enjoy all that Laredo has to offer. Once the capital of the briefly held independent Republic of Rio Grande, the city boasts its rich heritage, authentic restaurants, unique shopping, lively entertainment, and festivals.

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