Recent Fundings - Rental

Real Investments. Real Results.

Single-Family Residence

Gulfport, MS

Loan Amount / $134,400
Rate / 7.625%

Purpose / Cash-Out Refinance
LTV / 70.0%

$134,400 Mississippi DSCR Rental Loan for a Cash-Out Refinance of a rental property in Gulfport. This recently renovated property is currently being utilized as a short-term rental, located just a few blocks away from Gulfport Beach and Gulfport Yacht Club.

Single-Family Residence

Butte, MT

Loan Amount / $143,500
Rate / 8.000%

Purpose / Cash-Out Refinance
LTV / 70.0%

$367,500 Montana DSCR Rental Loan for a Cash-Out Refinance of a rental property in Butte. This property features a fenced in backyard perfect for pets or children, as well as a porch on the first floor and balcony on the second floor with views over the city of Butte.

Duplex

Portland, OR

Loan Amount / $650,000
Rate / 7.000%

Purpose / Rate-Term Refinance
LTV / 68.6%

$650,000 Oregon DSCR Rental Loan for a Rate-Term Refinance of a rental property in Portland. The entirely renovated property is situated just two blocks from the popular historic of Nob Hill, an established neighborhood known for its Victorian houses, tree-lined streets, and trendy shopping.

Single-Family Residence

Marblehead, MA

Loan Amount / $1,425,000
Rate / 7.625%

Purpose / Cash-Out Refinance
LTV / 75.0%

$1,425,000 Massachusetts DSCR Rental Loan for a Cash-Out Refinance of a rental property in Marblehead. Located on the coast, this historic colonial property perfectly blends the old with the new, featuring original accents such as hardwood flooring and carpentry throughout, which is incorporated well with the renovated bathrooms and living areas.

Duplex

Tuscaloosa, AL

Loan Amount / $112,500
Rate / 8.875%

Purpose / Cash-Out Refinance
LTV / 75.0%

$112,500 Alabama DSCR Rental Loan for a Cash-Out Refinance of a rental property in Tuscaloosa. The property is fully occupied on long-term leases and is located only a few minutes away from the center of Tuscaloosa, allowing easy access to the city’s conveniences while enjoying the calmness of the suburbs.

PUD

Lutsen, MN

Loan Amount / $407,550
Rate / 7.875%

Purpose / Cash-Out Refinance
LTV / 65.0%

$407,550 Minnesota DSCR Rental Loan for a Cash-Out Refinance of a rental property in Lutsen. This property is currently utilized as a short-term rental and is located along the western bank of Lake Superior, in close proximity to an abundance of outdoor recreational opportunities.

Single-Family Residence

Virginia Beach, VA

Loan Amount / $1,042,500
Rate / 7.625%

Purpose / Rate-Term Refinance
LTV / 75.0%

$1,042,500 Virginia DSCR Rental Loan for a Rate-Term Refinance of a rental property in Virginia Beach. This property is located in the third row of houses facing the beach, making it an ideal and sought-after location for visitors to enjoy the beautiful Sandbridge Beach located mere feet away.

Quadruplex

Cincinnati, OH

Loan Amount / $275,800
Rate / 9.250%

Purpose / Cash-Out Refinance
LTV / 70.0%

$275,800 Ohio DSCR Rental Loan for a Cash-Out Refinance of a rental property in Cincinnati. Minutes from access to I-75 and I-71, this quadruplex has been thoroughly renovated with new dry wall, completely remodeled kitchens and bathrooms, and more.

Single-Family Residence

Cheyenne, WY

Loan Amount / $228,000
Rate / 8.250%

Purpose / Acquisition
LTV / 80.0%

$228,000 Wyoming DSCR Rental Loan for an Acquisition of a rental property in Cheyenne. This property features an updated kitchen and bathrooms as well as new vinyl windows, countertops, and more. Upon purchase, this home will be utilized as a long-term rental.

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