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Multifamily (6-Unit)
Springfield, IL
$243,700 Illinois DSCR Rental Loan for an Acquisition of a rental property in Springfield. This property is within walking distance to the Illinois State Museum and Illinois State Capitol Building, which is in the safest neighborhood in Downtown Springfield. Upon acquisition, the property will be utilized as a long-term rental property.
Fix and Flip
Los Angeles, CA
Experienced borrower completing a cosmetic rehab in Los Angeles, CA with an exit strategy to sell.
Fix and Flip
China Grove, NC
New borrower completing a cosmetic rehab in China Grove, NC with an exit strategy to sell.
PUD
Moab, UT
$532,000 Utah DSCR Rental Loan for a Cash-Out Refinance of a rental property in Moab. Features of this property include but are not limited to a spacious uncovered patio, a two-car garage, a shared pool, and two fireplaces. The area is a tourist destination popular partially due to its proximity to two national parks and the Colorado River.
Duplex
Norfolk, VA
$172,550 Virginia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Norfolk. The duplex has two units each featuring two bedrooms and one bathroom. Located approximately 3.5 miles from downtown Norfolk, this property has easy access to major employment, public transportation, entertainment, and restaurants.
Single-Family Residence
Fairport Harbor, OH
$192,000 Ohio DSCR Rental Loan for a Rate-Term Refinance of a rental property in Fairport Harbor. Located in a beautiful harbor town located on Lake Erie, this property features an entirely remodeled kitchen, all new HVAC systems, and much more.
Fix and Flip
Saint Petersburg, FL
Novice borrower completing a cosmetic rehab in Saint Petersburg, FL with an exit strategy to sell.
Single-Family Residence
Wichita, KS
$75,000 Kansas DSCR Rental Loan for an Acquisition of a rental property in Wichita. Although located in a quaint neighborhood, this property also reaps the benefits of a unique Wichita economic hub; one that is dominated by aerospace manufacturing, agriculture, and small businesses. Upon its acquisition, the property will be occupied by a long-term lease.
Duplex
Montgomery, AL
$75,000 Alabama DSCR Rental Loan for an Acquisition of a rental property in Montgomery. Featuring two units of varying size, this duplex was built in 1925 and has an effective age of 30 years due to its adequate maintenance. The property will be utilized as a long-term rental upon acquisition.
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