Recent Fundings - Rental

Real Investments. Real Results.

Single-Family Residence

Norton Shores, MI

Loan Amount / $455,250
Rate / 9.125%

Purpose / Cash-Out Refinance
LTV / 75.0%

$455,250 Michigan DSCR Rental Loan for a Cash-Out Refinance of a rental property in Norton Shores. This short-term rental underwent extensive remodeling with updates made to the kitchen and bathrooms, electrical, plumbing, flooring, and more. In addition, Mona Lake is a short two-mile drive southwest where boating, fishing, and waterfront parks are found.

Single-Family Residence

Kennewick, WA

Loan Amount / $251,250
Rate / 7.500%

Purpose / Cash-Out Refinance
LTV / 75.0%

$251,250 Washington DSCR Rental Loan for a Cash-Out Refinance of a rental property in Kennewick. This residence is located near the Southridge area, where the Southridge Sports and Events Complex is located, as well as various retail shops, grocery stores, and restaurants.

Single-Family Residence

Indianapolis, IN

Loan Amount / $312,000
Rate / 7.500%

Purpose / Acquisition
LTV / 80.0%

$312,000 Indiana DSCR Rental Loan for an Acquisition of a rental property in Indianapolis. This residence is ideally situated in a vibrant and growing neighborhood known for its historic charm and rapid revitalization, making it a highly sought-after area for both new residents and investors.

Single-Family Residence

Fridley, MN

Loan Amount / $236,250
Rate / 8.625%

Purpose / Cash-Out Refinance
LTV / 75.0%

$236,250 Minnesota DSCR Rental Loan for a Cash-Out Refinance of a rental property in Fridley. This split-level residence features a large living area with two fireplaces and a finished basement level. Located just north of Minneapolis, the property is situated in an ideal location for suburban-style living without compromising city living.

Single-Family Residence

Louisville, KY

Loan Amount / $103,600
Rate / 8.000%

Purpose / Cash-Out Refinance
LTV / 70.0%

$103,600 Kentucky DSCR Rental Loan for a Cash-Out Refinance of a rental property in Louisville. This property is situated just one mile west of I-264, providing quick access to the Watterson Expressway and making commuting throughout Louisville and beyond a breeze.

Single-Family Residence

Douglas, WY

Loan Amount / $103,600
Rate / 7.125%

Purpose / Acquisition
LTV / 70.0%

$103,600 Wyoming DSCR Rental Loan for an Acquisition of a rental property in Douglas. Situated just a few blocks from the main downtown area, the property is within easy walking distance of local shops, restaurants, and community services, providing a great balance of accessibility and neighborhood tranquility.

Single-Family Residence

Birmingham, AL

Loan Amount / $134,400
Rate / 7.375%

Purpose / Cash-Out Refinance
LTV / 70.0%

$134,400 Alabama DSCR Rental Loan for a Cash-Out Refinance of a rental property in Birmingham. Renovations to this property include fresh paint, enhanced landscaping, new drywall and flooring, upgraded kitchen finishes, and renovated bathrooms. The residence is currently occupied on a long-term lease.

Single-Family Residence

Austin, TX

Loan Amount / $551,200
Rate / 7.625%

Purpose / Acquisition
LTV / 80.0%

$551,200 Texas DSCR Rental Loan for an Acquisition of a rental property in Austin. The residence is conveniently located three miles south of downtown Austin, offering quick access to I-35, the city’s main highway leading to popular attractions like Lady Bird Lake, Zilker Park, and the Texas State Capital. Upon acquisition, the property will be utilized as a short-term rental.

PUD

Lincoln, NH

Loan Amount / $608,000
Rate / 8.125%

Purpose / Acquisition
LTV / 80.0%

$608,000 New Hampshire DSCR Rental Loan for an Acquisition of a rental property in Lincoln. Located within close proximity of Loon Mountain Resort, this short-term rental is in an ideal location for skiing, snowboarding, and other winter sport enthusiasts. In the warmer months, the area offers hiking, mountain biking, and scenic gondola rides.

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