Recent Fundings - Rental

Real Investments. Real Results.

Single-Family Residence

Statesville, NC

Loan Amount / $290,000
Rate / 7.750%`

Purpose / Acquisition
LTV / 58.0%

$290,000 North Carolina DSCR Rental Loan for an Acquisition of a rental property in Statesville. This property offers comfortable living with a recently updated deck and a stunning inground pool complete with a heated spa, turning the backyard into a private oasis. The retreat resides in a neighborhood known for its blend of manufactured and stick-built homes, showcasing exceptional construction and workmanship.

Single-Family Residence

Lake Elsinore, CA

Loan Amount / $308,750
Rate / 8.000%

Purpose / Rate-Term Refinance
LTV / 60.5%

$308,750 California DSCR Rental Loan for a Rate-Term Refinance of a rental property in Lake Elsinore. The contemporary estate features a stylish interior with pristine white kitchen cabinets and walls, flooring, and cabinetry which have been all well-maintained. Located in Riverside County, California, Lake Elsinore is known for its stunning natural beauty, and the city’s strategic location, nestled between the Santa Ana Mountains and the Temescal Valley, offers picturesque views and outdoor recreational opportunities.

Single-Family Residence

Otis, MA

Loan Amount / $337,500
Rate / 9.625%

Purpose / Rate-Term Refinance
LTV / 75.0%

$337,500 Massachusetts DSCR Rental Loan for a Rate-Term Refinance of a rental property in Otis. This property features a recently remodeled kitchen with quartz countertops and modern finishes. Otis is known as a haven for outdoor recreations as it features forests, open fields, cool streams, and deep ponds. The property is currently used as a short-term rental.

Single-Family Residence

McKinney, TX

Loan Amount / $302,500
Rate / 8.500%

Purpose / Rate-Term Refinance
LTV / 77.0%

$302,500 Texas DSCR Rental Loan for a Rate-Term Refinance of a rental property in McKinney. The new granite countertops, tile backsplash, flooring, and fresh paint make this a pleasing home for tenants, along with the suburban commodities that surround the neighborhood. There are plenty of nearby retail amenities, employment facilities, and schools while also being only minutes away from McKinney’s downtown.

Single-Family Residence

Oak Island, NC

Loan Amount / $521,250
Rate / 10.000%

Purpose / Cash-Out Refinance
LTV / 75.0%

$521,250 North Carolina DSCR Rental Loan for a Cash-Out Refinance of a rental property in Oak Island. With three bedrooms and two bathrooms, the modern layout is designed for comfortable coastal living with a well-appointed open deck providing direct Atlantic beach access. Part of North Carolina’s Brunswick Islands, Oak Island provides a tranquil escape with the local real estate market characterized by several resort communities.

Single-Family Residence

Tucson, AZ

Loan Amount / $312,750
Rate / 9.625%

Purpose / Acquisition
LTV / 75.0%

$312,750 DSCR Rental Loan for an Acquisition of a rental property in Tucson. This home is in eastern Tucson, thirty minutes from the center of the city providing access to metropolitan amenities as well as recreational such as the Saguaro National Park. Upon acquisition this property will be used as a Short-Term Rental.

Quadruplex

Suffolk, VA

Loan Amount / $210,000
Rate / 8.875%

Purpose / Cash-Out Refinance
LTV / 70.0%

$210,000 Virginia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Suffolk. Three out of the four units feature one bedroom and one bathroom, while one unit features two bedrooms and one bathroom. This property is less than two miles away from the Suffolk Golf Course and entrances to the Westhaven Lakes.

Quadruplex

Angleton, TX

Loan Amount / $182,000
Rate / 8.875%

Purpose / Rate-Term Refinance
LTV / 68.7%

$182,000 Texas DSCR Rental Loan for a Rate-Term Refinance of a rental property in Angleton. Located just 45 minutes south of Houston and 20 miles from the coast, Angleton provides easy access to the city and the beach. There is effortless access to the outdoors considering it is surrounded by several recreational parks, wildlife habitats, and lakes. Several electronic, steel, and oil headquarters reside in Angleton with more companies joining the area each year.

Single-Family-Residence

Albany, NY

Loan Amount / $172,250
Rate / 9.125%

Purpose / Cash-Out Refinance
LTV / 65.0%

$172,250 New York DSCR Rental Loan for a Cash-Out Refinance of a rental property in Albany. Featuring three bedrooms and one bathroom, the property has been thoroughly updated since acquisition with an updated kitchen, new flooring, and an updated bathroom. Only eight miles from downtown Albany, the property has access to major roadways, shopping, employment centers, and any essential services.

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