Recent Fundings - Rental

Real Investments. Real Results.

Single-Family Residence

Jonesboro, GA

Loan Amount / $162,400
Rate / 6.750%

Purpose / Acquisition
LTV / 80.0%

$162,400 Georgia DSCR Rental Loan for an Acquisition of a rental property in Jonesboro. This single-floor home is located in a suburban neighborhood that is less than a mile south of Interstate 75 and a quick drive to the town’s center. Upon acquisition, the property will be utilized as a long-term rental.

Duplex

Lagrange, GA

Loan Amount / $185,250
Rate / 6.750%

Purpose / Cash-Out Refinance
LTV / 64.8%

$185,250 Georgia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Lagrange. This duplex is located in a medium-sized community southwest of Atlanta and features recent updates to the kitchen and bathrooms.

Single-Family Residence

Rehoboth Beach, DE

Loan Amount / $378,000
Rate / 7.000%

Purpose / Rate-Term Refinance
LTV / 63.2%

$378,000 Delaware DSCR Rental Loan for a Rate-Term Refinance of a rental property in Rehoboth Beach. Located less than a mile from the beach, the residence offers immediate access to a mix of relaxation, recreation, and cultural activities.

Single-Family Residence

Linden, MI

Loan Amount / $513,000
Rate / 8.125%

Purpose / Rate-Term Refinance
LTV / 75.0%

$513,000 Michigan DSCR Rental Loan for a Rate-Term Refinance of a rental property in Linden. Situated on the north end of Lobdell Lake, this property features a beam pole barn with a covered patio, a hot tub, an outdoor fire pit, lakefront views, and an outbuilding with a pool table and additional space for recreation.

Single-Family Residence

Cheyenne, WY

Loan Amount / $348,750
Rate / 8.875%

Purpose / Cash-Out Refinance
LTV / 75.0%

$348,750 Wyoming DSCR Rental Loan for a Cash-Out Refinance of a rental property in Cheyenne. The residence is situated in the capital and largest city of Wyoming, a city rich in historical significance and strategically located near the southeastern corner of the state. The residence features remodeled custom flooring and tiles, new interior finishes, and exterior paint.

Single-Family Residence

East Point, GA

Loan Amount / $505,000
Rate / 9.750%

Purpose / Rate-Term Refinance
LTV / 67.0%

$505,000 Georgia DSCR Rental Loan for a Rate-Term Refinance of a rental property in East Point. This property has undergone recent renovations and features an attached one-car garage as well as a detached two-car garage. Situated in a suburban neighborhood, the residence benefits from its proximity to the city’s amenities, job opportunities, and cultural attractions.

Single-Family Residence

Benton, AR

Loan Amount / $138,000
Rate / 7.750%

Purpose / Cash-Out Refinance
LTV / 75.0%

$138,000 Arkansas DSCR Rental Loan for a Cash-Out Refinance of a rental property in Benton. This property is located near schools, employment facilities, grocery stores, large retailers, and restaurants, all within five miles. Additionally, recent renovations of this property include updated bathrooms and fresh paint.

Single-Family Residence

Ocean City, MD

Loan Amount / $423,000
Rate / 7.875%

Purpose / Rate-Term Refinance
LTV / 79.1%

$423,000 Maryland DSCR Rental Loan for a Rate-Term Refinance of a rental property in Ocean City. This short-term rental is located in close proximity to multiple retail shops and restaurants as well as beach access to the Assawoman Bay and the Atlantic Ocean. The seaside resort town is known for its miles of sandy beaches, lively boardwalk, and watersports.

Multifamily (10-Unit)

Columbia, TN

Loan Amount / $1,183,000
Rate / 10.125%

Purpose / Rate-Term Refinance
LTV / 70.0%

$1,183,000 Tennessee DSCR Rental Loan for a Rate-Term Refinance of a rental property in Columbia. This fully occupied property is within walking distance of local restaurants, employment centers, parks, and other large and local retailers.

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