Recent Fundings - Rental
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Single-Family Residence
Philadelphia, PA
$167,844 Pennsylvania DSCR Rental Loan for a Cash-Out Refinance of a rental property in Philadelphia. This property consists of three bedrooms and one bathroom. Built in 1920, the properties kitchen and bathroom have been recently remodeled. Additionally, new HVAC, plumbing, and electrical has been installed.
Single-Family Residence
Waterloo, SC
$400,763 South Carolina DSCR Rental Loan for a Cash-Out Refinance of a rental property in Waterloo. Sitting right up against the Saluda River and in close proximity to Lake Greenwood, it offers direct water access for swimming, fishing, and boating with its own private boat dock. Waterloo, South Carolina is a popular destination for the aforementioned activities thanks to its beautiful weather in the spring, summer, and fall, and its abundance of outdoor activities.
Single-Family Residence
Philadelphia, PA
$167,844 Pennsylvania DSCR Rental Loan for a Cash-Out Refinance of a rental property in Philadelphia. In the Germantown Morton neighborhood, this property is within walking distance of schools, shopping, and recreation centers.
Single-Family Residence
Madison, TN
$382,000 Tennessee DSCR Rental Loan for a Rate-Term Refinance of a rental property in Madison. Madison is a suburban neighborhood in northeast Nashville and has access to employment, schools, restaurants, entertainment, and shopping. Only 15 miles from downtown Nashville, the property location is perfect for having access to the thriving music scene, while having privacy and space in a neighborhood.
Single-Family Residence
Parkersburg, IA
$103,800 Iowa DSCR Rental Loan for a Cash-Out Refinance of a rental property in Parkersburg. This residence has three bedrooms and one bathroom. Recent renovations include new flooring, windows, interior painting, and furnace. Parkersburg is located approximately 30 miles west of Waterloo, it is a stable market with balanced supply and demand and marketing time of 3-6 months.
Fourplex
Alton, TX
$208,000 Texas DSCR Rental Loan for an Acquisition of a rental property in Alton. All units feature two bedrooms and one and a half bathrooms, with an average unit size of 1,022 square feet. Located in Alton, Texas, the subject property is just outside of McAllen, Texas offering no shortage of amenities such as schools, retail, and employment opportunities.
Multifamily
Knoxville, TN
$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
$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
$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.
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