Recent Investment Property Fundings
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Single-Family Residence
Dent, MN
$272,000 Minnesota DSCR Rental Loan for a Cash-Out Refinance of a rental property in Dent. This property is in good condition and is located off Otter Trail Scenic Byway, next to Big McDonald Lake, in northwest Dent.
Fix and Flip
Colton, CA
Experienced borrower completing a cosmetic rehab in Colton, CA with an exit strategy to sell.
Fix and Flip
Fayeteville, GA
Experienced borrower completing a cosmetic rehab in Fayeteville, GA with an exit strategy to sell.
Duplex
Morgantown, WV
$114,800 West Virginia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Morgantown. With renovations to the units’ kitchens and bathrooms, this property is in good condition and maintains an effective age of 15 years despite being built in 1911.
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.
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