Recent Fundings - Rental

Real Investments. Real Results.

Multifamily

Canton, OH

Loan Amount / $114,675
Rate / 9.375%

Purpose / Acquisition
LTV / 74.223%

$114,675 Ohio DSCR Rental Loan for an Acquisition of a rental property in Canton. Canton, situated about 60 miles to the south of Cleveland in Stark County, Ohio, offers an urban environment that seamlessly blends residential and commercial areas. The city boasts a rich diversity in its housing options, predominantly featuring single-family homes while also embracing a variety of multi-family buildings and townhouses. Canton’s economy and labor market are notably multifaceted, encompassing industries such as manufacturing, healthcare, education, and retail.

Duplex

Bristol, CT

Loan Amount / $207,000
Rate / 8.875%

Purpose / Cash-Out Refinance
LTV / 75.0%

$207,000 Connecticut DSCR Rental Loan for a Cash-Out Refinance of a rental property in Bristol. Bristol finds its place in central Connecticut, specifically in Hartford County, an area characterized by its eclectic mix of homes, featuring diverse styles, sizes, ages, conditions, and market appeal. The neighborhood boasts convenient access to major commuting routes, town services, and various amenities, making it a well-connected and easily accessible location.

Condo

Nashville, TN

Loan Amount / $686,250
Rate / 7.750%

Purpose / Acquisition
LTV / 75.0%

$686,250 Tennessee DSCR Rental Loan for an Acquisition of a rental property in Nashville. Within the luxury condominium complex, there is a clubhouse, pool, fitness center, lounge, and pet grooming service. The unit itself features luxurious finishes picked out by Barnett Design Studio. It is in the Citizens Protecting Revitalization neighborhood of Nashville, Tennessee, an area rapidly growing due to its proximity to many of Nashville’s main attractions. The condominium is within walking distance of the Country Music Hall of Fame and the famously known Broadway Street.

Single-Family Residence

Maywood, IL

Loan Amount / $225,000
Rate / 9.500%

Purpose / Acquisition
LTV / 75.0%

$225,000 Illinois DSCR Rental Loan for an Acquisition of a rental property in Maywood. The property values in the market are stable and located only 12 miles from downtown Chicago, this property is a great location for someone who wants the privacy and space of a suburb but wants easy access to one of the largest cities in the United States. Developed along one of the oldest railway lines that led from Chicago, Maywood has attracted people for decades with its luscious grass prairie and ancient trees.

Single-Family Residence

Orlando, FL

Loan Amount / $381,750
Rate / 8.375%

Purpose / Cash-Out Refinance
LTV / 75.0%

$381,750 Florida DSCR Rental Loan for a Cash-Out Refinance of a rental property in Orlando. This property features a large backyard with an inground swimming pool, which is perfect for escaping the Florida heat. Located in the Rio Pinar West neighborhood, several schools, retail areas, and recreational centers are within two miles. Orlando is a bustling hub for students, families, and professionals due to its exceptional school system, strong job market, and endless attractions across the city.

Triplex

Wilkes Barre, PA

Loan Amount / $186,200
Rate / 9.250%

Purpose / Cash-Out Refinance
LTV / 70.0%

$186,200 Pennsylvania DSCR Rental Loan for a Cash-Out Refinance of a rental property in Wilkes Barre. The home is located in the center of Wilkes Barre, Pennsylvania, across the street from Coal Street Park, and within close proximity to retail amenities, employment opportunities, and schools such as King’s College and Wilkes University. Each unit is currently occupied on a long-term lease.

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.

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