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Recent Investment Property Fundings

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.

Fix and Flip

Marshfield, MA

Loan Amount / $409,700
LTC / 85%

Construction Funding / $63,750
LTV / 66%

Initial Funding / $345,950

Experienced borrower completing a cosmetic rehab in Marshfield, MA with an exit strategy to sell.

Fix and Flip

Hampton, VA

Loan Amount / $130,000
LTC / 80%

Construction Funding / $40,000
LTV / 65%

Initial Funding / $90,000

New borrower completing a cosmetic rehab in Hampton, VA with an exit strategy to sell.

Fix and Hold

Philadelphia, PA

Loan Amount / $221,500
LTC / 75%

Construction Funding / $70,000
LTV / 63%

Initial Funding / $151,250

Novice borrower completing a cosmetic rehab in Philadelphia, PA with an exit strategy to refinance.

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.

Fix and Flip

Little Rock, AR

Loan Amount / $132,000
LTC / 80%

Construction Funding / $44,000
LTV / 63%

Initial Funding / $88,000

New borrower completing a cosmetic rehab in Little Rock, AR with an exit strategy to sell.

Fix and Flip

West Covina, CA

Loan Amount / $612,000
LTC / 74%

Construction Funding / $0
LTV / 60%

Initial Funding / $612,000

Borrower completing a full rehab in West Covina, CA with an exit strategy to sell.

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