Recent Fundings - Rental

Real Investments. Real Results.

Single-Family Residence

Roanoke, VA

Loan Amount / $220,500
Rate / 7.750%

Purpose / Cash-Out Refinance
LTV / 68.6%

$220,500 Virginia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Roanoke. Recent renovations of this single-family residence include a remodeled kitchen, remodeled bathrooms, and additional walls were hoisted to create an extra bedroom.

Quadruplex

Seward, NE

Loan Amount / $300,475
Rate / 7.625%

Purpose / Acquisition
LTV / 70.0%

$300,475 Nebraska DSCR Rental Loan for an Acquisition of a rental property in Seward. This fully occupied quadruplex is located south of Highway 24, allowing direct access to big city amenities as well as the University of Nebraska-Lincoln campus.

Single-Family Residence

Johns Island, SC

Loan Amount / $279,700
Rate / 8.500%

Purpose / Cash-Out Refinance
LTV / 64.9%

$279,700 South Carolina DSCR Rental Loan for a Cash-Out Refinance in Johns Island. This ranch-style short-term rental is situated on the fourth-largest island on the US east coast, Johns Island. Its natural beauty, abundance of wildlife, and welcoming lifestyle make it a great place to stay.

Single-Family Residence

Elmhurst, IL

Loan Amount / $851,500
Rate / 7.125%

Purpose / Cash-Out Refinance
LTV / 68.1%

$851,500 Illinois DSCR Rental Loan for a Cash-Out Refinance of a rental property in Elmhurst. Recent renovations of this property include a remodeled kitchen, remodeled bathrooms, a fully finished basement, a new fireplace, and fresh interior paint.

Condo

Breckenridge, CO

Loan Amount / $632,775
Rate / 7.750%

Purpose / Cash-Out Refinance
LTV / 64.9%

$632,775 Colorado DSCR Rental Loan for a Cash-Out Refinance of a rental property in Breckenridge. This cozy condo sits at the base of Breckenridge Ski Resort, allowing for ski-on and ski-off capabilities, and is situated a half mile west of Main Street, the town’s primary roadway.

PUD

Flagstaff, AZ

Loan Amount / $290,000
Rate / 7.000%

Purpose / Acquisition
LTV / 42.7%

$290,000 Arizona DSCR Rental Loan for an Acquisition of a rental property in Flagstaff. This property is situated near peaceful camping areas, ski resorts, and parks such as the Arboretum and Rogers Lake Nature Area. Upon acquisition, the property will be utilized as a long-term rental.

Single-Family Residence

Miami, FL

Loan Amount / $896,000
Rate / 8.750%

Purpose / Acquisition
LTV / 80.0%

$896,000 Florida DSCR Rental Loan for an Acquisition of a rental property in Miami. This property features a large chef-style kitchen, hard-wood flooring throughout, and renovated bathrooms with timeless finishes. Upon acquisition, the property will be utilized as a short-term rental.

Multifamily (10-Unit)

Myrtle Creek, OR

Loan Amount / $594,750
Rate / 9.000%

Purpose / Acquisition
LTV / 65.0%

$594,750 Oregon DSCR Rental Loan for an Acquisition of a rental property in Myrtle Creek. This two-story, fully occupied property benefits from its proximity to the South Umpqua River and Umpqua National Forest as well as local shops, restaurants, and parks.

Single-Family Residence

Sevierville, TN

Loan Amount / $1,470,000
Rate / 8.000%

Purpose / Cash-Out Refinance
LTV / 70.0%

$1,470,000 Tennessee DSCR Rental Loan for a Cash-Out Refinance of a rental property in Sevierville. This short-term rental features an indoor pool and an elevated deck offering magnificent views of the Smokey Mountains.

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