Recent Fundings - Rental

Real Investments. Real Results.

Condo

Rehoboth Beach, DE

Loan Amount / $247,500
Rate / 7.375%

Purpose / Acquisition
LTV / 75.0%

$247,500 Delaware DSCR Rental Loan for an Acquisition of a rental property in Rehoboth Beach. This condo is closely located to the famous Rehoboth Beach and boardwalk, offering easy access to seaside attractions and dining. The property will be utilized as a long-term rental upon acquisition.

PUD

Shreveport, LA

Loan Amount / $123,900
Rate / 7.000%

Purpose / Cash-Out Refinance
LTV / 70.0%

$123,900 Louisiana DSCR Rental Loan for a Cash-Out Refinance in Shreveport. This long-term rental offers easy access to I-49, connecting Shreveport to Lafayette, and is just 10 miles from downtown Shreveport. It is conveniently close to the city’s vibrant arts scene, diverse dining options, and entertainment venues.

Single-Family Residence

North Myrtle Beach, SC

Loan Amount / $1,120,000
Rate / 7.750%

Purpose / Acquisition
LTV / 80.0%

$1,120,000 South Carolina DSCR Rental Loan for an Acquisition of a rental property in North Myrtle Beach. This luxurious home offers a private heated pool with a spillover spa, elevator access to all floors, and stunning ocean views just a block from the Atlantic. Ideally located near North Myrtle Beach’s top attractions, it is set to operate as a short-term rental, making it a perfect vacation property.

PUD

Gallatin, TN

Loan Amount / $218,000
Rate / 5.625%

Purpose / Acquisition
LTV / 49.9%

$218,000 Tennessee DSCR Rental Loan for an Acquisition of a rental property in Gallatin. This newly-built, traditional-style home is located in the desirable Carellton subdivision with amenities like a playground and pool. It offers easy access to downtown Nashville and surrounding areas.

Single-Family Residence

Sutton, NH

Loan Amount / $647,250
Rate / 7.125%

Purpose / Acquisition
LTV / 69.2%

$647,250 New Hampshire DSCR Rental Loan for an Acquisition of a rental property in Sutton. This property offers a two-car detached garage with a finished second level, a basement game room, a wrap-around deck, and a hot tub. Its prime location provides easy access to New London’s town center, Mount Kearsarge State Forest for hiking, and Kezar Lake for outdoor activities like swimming, fishing, and kayaking.

Triplex

Alexander City, AL

Loan Amount / $215,800
Rate / 7.000%

Purpose / Cash-Out Refinance
LTV / 65.0%

$215,800 Alabama DSCR Rental Loan for a Cash-Out Refinance of a rental property in Alexander City. This triplex features extensive updates, including a new roof, remodeled kitchens and bathrooms, and fresh flooring throughout. Located less than a mile from downtown Alexander City, it offers easy access to local shops, restaurants, and services.

Single-Family Residence

Skowhegan, ME

Loan Amount / $110,500
Rate / 7.125%

Purpose / Cash-Out Refinance
LTV / 65.0%

$110,500 Maine DSCR Rental Loan for a Cash-Out Refinance of a rental property in Skowhegan. This home has been fully updated with new flooring, trim, light fixtures, tile, and fresh paint throughout. Its prime location offers easy access to downtown Skowhegan’s shops, restaurants, and community events, as well as the scenic Kennebec River, perfect for fishing and kayaking.

Single-Family Residence

Homer, AK

Loan Amount / $352,500
Rate / 7.125%

Purpose / Acquisition
LTV / 75.0%

$352,500 Alaska DSCR Rental Loan for an Acquisition of a rental property in Homer. This short-term rental offers stunning coastal views and easy access to outdoor activities like hiking and fishing, with its prime location near the base of Homer Spit. Its proximity to Sterling Highway provides convenient travel connections to the rest of the Kenai Peninsula.

Single-Family Residence

Tacoma, WA

Loan Amount / $283,800
Rate / 7.000%

Purpose / Rate-Term Refinance
LTV / 64.5%

$283,800 Washington DSCR Rental Loan for a Rate-Term Refinance of a rental property in Tacoma. Recent improvements include new flooring, updated bathrooms, and fresh interior paint. The home offers convenient access to parks, cultural attractions, and the cities of Seattle and Portland.

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