Recent Fundings - Rental

Real Investments. Real Results.

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.

Single-Family Residence

Seneca Falls, NY

Loan Amount / $492,800
Rate / 8.250%

Purpose / Acquisition
LTV / 80.0%

$492,800 New York DSCR Rental Loan for an Acquisition of a rental property in Seneca Falls. This property backs up to the picturesque Cayuga Lake, one of the Finger Lakes, which can be admired from the spacious deck. Upon acquisition, this home will be used as a short-term rental.

Single-Family Residence

Aurora, IN

Loan Amount / $252,000
Rate / 8.250%

Purpose / Acquisition
LTV / 80.0%

$252,000 Indiana DSCR Rental Loan for an Acquisition of a rental property in Aurora. Located at the border between Indiana and Kentucky, this home enjoys close proximity to the Ohio River, offering a beautiful scenery to visitors as well as riverside activities.

Single-Family Residence

Livingston, MT

Loan Amount / $486,500
Rate / 8.625%

Purpose / Cash-Out Refinance
LTV / 70.0%

$486,500 Montana DSCR Rental Loan for a Cash-Out Refinance of a rental property in Livingston. This property is located in the heart of Livingston, a historic town within a few hours of Big Sky Mountain and Yellowstone National Park, making it a great destination for outdoor-loving travelers.

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