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Recent Fundings - Rental

Real Investments. Real Results.

Single-Family Residence

Stowe, VT

Loan Amount / $888,000
Rate / 6.625%

Purpose / Acquisition
LTV / 80.0%

$888,000 Vermont DSCR Rental Loan for an Acquisition of a rental property in Stowe. Currently used as a short-term rental, this property contains six bedrooms and three baths, with a total of twelve rooms.

Duplex

Garden City, KS

Loan Amount / $175,500
Rate / 8.625%

Purpose / Cash-Out Refinance
LTV / 65.0%

$175,500 Kansas DSCR Rental Loan for a Cash-Out Refinance of a rental property in Garden City. Both units on the property are being used as long-term rentals. This city attracts many for employment opportunities in the agricultural industry, known for wheat, corn, and beef.

Condo

Tilton, New Hampshire

Loan Amount / $313,800
Rate / 7,250%

Purpose / Acquisition
LTV / 75.0%

$313,800 New Hampshire DSCR Rental Loan for an Acquisition for a rental property in Tilton. This property is located next to Lake Winnisquam and Gunstock Mountain Ski Area.

Single-Family Residence

Baltimore, MD

Loan Amount / $214,000
Rate / 10.625%

Purpose / Cash-Out Refinance
LTV / 62.9%

$214,000 Maryland DSCR Rental Loan for a Cash-Out Refinance of a rental property in Baltimore. This property includes, but is not limited to, brand new stainless-steel appliances in the kitchen, state-of-the art lighting and fixtures, hardwood flooring throughout. This property is located at the heart of Baltimore, and backs up to Druid Hill Park, which is adjacent to the esteemed Johns Hopkins University.

PUD

South Jordan, UT

Loan Amount / $399,000
Rate / 8.250%

Purpose / Cash-Out Refinance
LTV / 70.0%

$399,000 Utah DSCR Rental Loan for a Cash-Out Refinance of a rental property in South Jordan. This property is in close proximity to the Great Salt Lake and state Peak Parks.

Quadruplex

Jeffersonville, IN

Loan Amount / $607,500
Rate / 8.875%

Purpose / Acquisition
LTV / 75.0%

$607,500 Indiana DSCR Rental Loan for an Acquisition of a rental property in Jeffersonville. Jeffersonville, Indiana, is located on the other side of the Ohio River from Louisville, Kentucky. Louisville is home to the Kentucky Derby and is a big attraction for baseball fans as they can visit the Louisville Slugger Factory where major lease baseball bats are produced.

PUD

Angel Fire, NM

Loan Amount / 820,000
Rate / 9.875%

Purpose / Acquisition
LTV / 80.0%

$820,000 New Mexico DSCR Rental Loan for an Acquisition of a rental property in Angel Fire. This short-term rental features a studio space with a separate entrance, hot tub room, two-car garage, sunroom, and a workshop. Entertainment is no issue at this beautiful three story home.

Single-Family Residence

Morgantown, WV

Loan Amount / $210,000
Rate / 10.000%

Purpose / Rate-Term Refinance
LTV / 75.0%

$210,000 West Virginia DSCR Rental Loan for a Rate-Term Refinance of a rental property in Morgantown. This property contains three bedrooms and two and a half baths. Amenities include a two-car garage, hardwood floors, and a covered front porch.

Single-Family Residence

Albany Township, ME

Loan Amount / $400,000
Rate / 9.375%

Purpose / Cash-Out Refinance
LTV / 42.6%

$400,000 Maine DSCR Rental Loan for a Cash-Out Refinance of a rental property in Albany Township. Situated in the heart of the White Mountains National Park, a few miles from Sunday River Ski Resort which is one of Maine’s premier Ski Destinations, and a few miles away from the charming small town Bethel Village which offers a selection of retail shops and restaurants.

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