Recent Fundings - Rental

Real Investments. Real Results.

Triplex

Lakewood, OH

Loan Amount / $337,500
Rate / 7.625%

Purpose / Acquisition
LTV / 75.0%

$337,500 Ohio DSCR Rental Loan for an Acquisition of a rental property in Lakewood. This property is situated in the heart of western Lakewood and is within walking distance to schools, an award wining library, retail shops, and Lake Erie.

PUD

North Myrtle Beach, SC

Loan Amount / $350,880
Rate / 8.000%

Purpose / Acquisition
LTV / 80.0%

$350,880 South Carolina DSCR Rental Loan for an Acquisition of a rental property in North Myrtle Beach. This property is situated in a suburban neighborhood a block away from the beach and north of Main Street, a mile-long road dotted with bars, shopping, and restaurants. Upon acquisition, the residence will be utilized as a short-term rental.

Single-Family Residence

Michigan City, IN

Loan Amount / $242,900
Rate / 7.500%

Purpose / Cash-Out Refinance
LTV / 70.0%

$242,900 Indiana DSCR Rental Loan for a Cash-Out Refinance of a rental property in Michigan City. This property’s proximity to the clear beaches of Lake Michigan make it a desirable destination, combining the benefits of natural beauty, recreational opportunities, and a high quality of life.

Single-Family Residence

Front Royal, VA

Loan Amount / $351,000
Rate / 8.875%

Purpose / Cash-Out Refinance
LTV / 75.0%

$351,000 Virginia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Front Royal. This short-term rental property overlooks the river and has great access to Shenandoah National Park, the Blue Ridge Mountains, and Skyline Caverns.

PUD

Pigeon Forge, TN

Loan Amount / $600,000
Rate / 7.250%

Purpose / Cash-Out Refinance
LTV / 57.0%

$600,000 Tennessee DSCR Rental Loan for a Cash-Out Refinance of a rental property in Pigeon Forge. This cabin-style, short-term rental property features an indoor, inground pool, a covered porch, fireplace, and stainless steel appliances. The residence is within four miles of all of the town’s major attractions including theme parks, museums, dinner theatres, and other family-oriented recreational activities.

Single-Family Residence

Radcliff, KY

Loan Amount / $161,450
Rate / 7.375%

Purpose / Rate-Term Refinance
LTV / 71.4%

$161,450 Kentucky DSCR Rental Loan for a Rate-Term Refinance of a rental property in Radcliff. Some features of this single-family residence include but are not limited to an outdoor shed, a two-car built-in garage, and a covered porch.

PUD

Plainfield, IL

Loan Amount / $200,000
Rate / 7.750%

Purpose / Rate-Term Refinance
LTV / 80.0%

$200,000 Illinois DSCR Rental Loan for a Rate-Term Refinance of a rental property in Plainfield. The residence is situated in a suburban neighborhood approximately a mile west of a major highway that facilitates travel into downtown Chicago.

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.

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