Recent Fundings - Rental

Real Investments. Real Results.

Single-Family Residence

Harpers Ferry, WV

Loan Amount / $289,600
Rate / 8.000%

Purpose / Acquisition
LTV / 80.0%

$289,600 West Virginia DSCR Rental Loan for an Acquisition of a rental property in Harpers Ferry. Located in a well-established residential market, this property is in a suburban area of Jefferson City with good proximity to employment centers, supporting services, and amenities.

Single-Family Residence

Gulfport, MS

Loan Amount / $122,200
Rate / 8.625%

Purpose / Cash-Out Refinance
LTV / 74.1%

$122,200 Mississippi DSCR Rental Loan for a Cash-Out Refinance of a rental property in Gulfport. This property is in the “Norwood Sub” neighborhood of Gulfport, Mississippi, and is situated within proximity to necessary retail amenities, healthcare facilities, and employment opportunities.

Single-Family Residence

Saint Simons Island, GA

Loan Amount / $767,400
Rate / 8.500%

Purpose / Cash-Out Refinance
LTV / 60.0%

$767,400 Georgia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Saint Simons Island. Recent renovations on this property include, but are not limited to, new roofing, interior and exterior painting, an in-ground pool, and new flooring throughout.

Multifamily (5-Unit)

Watertown, NY

Loan Amount / $175,000
Rate / 9.875%

Purpose / Cash-Out Refinance
LTV / 50.0%

$175,000 New York DSCR Rental Loan for a Cash-Out Refinance of a rental property in Watertown. With five total units, this multifamily property is located just a few blocks from downtown and currently fully occupied on long-term leases.

Single-Family Residence

North Topsail Beach, NC

Loan Amount / $316,000
Rate / 8.500%

Purpose / Acquisition
LTV / 80.0%

$316,000 North Carolina DSCR Rental Loan for an Acquisition of a rental property in North Topsail Beach. With a front and back porch, the property overlooks an expansive coastal scene, as well as 360 degrees of green grass in the yard. Quintessential to beach town neighborhoods, the house sits on stilts raised above the ground, with a carport beneath and an outdoor shower to the side.

Single-Family Residence

Chesapeake, VA

Loan Amount / $140,000
Rate / 7.875%

Purpose / Rate-Term Refinance
LTV / 80.0%

$140,000 Virginia DSCR Rental Loan for a Cash-Out Refinance of a rental property in Chesapeake. After undergoing significant renovations, this property will operate as a long-term rental.

Single-Family Residence

Folly Beach, SC

Loan Amount / $1,332,500
Rate / 8.250%

Purpose / Cash-Out Refinance
LTV / 65.0%

$1,332,500 South Carolina DSCR Rental Loan for a Cash-Out Refinance of a rental property in Folly Beach. With mediterranean fixtures such as terracotta tile, European oak hardwood flooring, and open-concept living, the property perfectly blends the indoor and outdoor spaces with two large decks that lead down to the large yard which features a heated pool and outdoor dining areas.

Single-Family Residence

Fletcher, NC

Loan Amount / $904,800
Rate / 9.500%

Purpose / Cash-Out Refinance
LTV / 65.0%

$904,800 North Carolina DSCR Rental Loan for a Cash-Out Refinance of a rental property in Fletcher. Situated on over 4 acres, the two-story back deck provides gorgeous mountain views to wind down and watch the sunset. This short-term rental also boasts hardwood floors that are perfectly paired with the warmth of the gas fireplace.

Single-Family Residence

Ardmore, OK

Loan Amount / $137,900
Rate / 8.500%

Purpose / Cash-Out Refinance
LTV / 70.0%

$137,900 Oklahoma DSCR Rental Loan for a Cash-Out Refinance of a rental property in Ardmore. This traditional-style residence has easy access to roadways, schools, shopping, and the Gold Mountain Casino.

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