Recent Fundings - Rental

Real Investments. Real Results.

Single-Family Residence

Fairport Harbor, OH

Loan Amount / $192,000
Rate / 8.500%

Purpose / Rate-Term Refinance
LTV / 80.0%

$192,000 Ohio DSCR Rental Loan for a Rate-Term Refinance of a rental property in Fairport Harbor. Located in a beautiful harbor town located on Lake Erie, this property features an entirely remodeled kitchen, all new HVAC systems, and much more.

Single-Family Residence

Wichita, KS

Loan Amount / $75,000
Rate / 10.250%

Purpose / Acquisition
LTV / 75.0%

$75,000 Kansas DSCR Rental Loan for an Acquisition of a rental property in Wichita. Although located in a quaint neighborhood, this property also reaps the benefits of a unique Wichita economic hub; one that is dominated by aerospace manufacturing, agriculture, and small businesses. Upon its acquisition, the property will be occupied by a long-term lease.

Duplex

Montgomery, AL

Loan Amount / $75,000
Rate / 8.875%

Purpose / Acquisition
LTV / 75.0%

$75,000 Alabama DSCR Rental Loan for an Acquisition of a rental property in Montgomery. Featuring two units of varying size, this duplex was built in 1925 and has an effective age of 30 years due to its adequate maintenance. The property will be utilized as a long-term rental upon acquisition.

Triplex

New Haven, CT

Loan Amount / $330,000
Rate / 6.750%

Purpose / Cash-Out Refinance
LTV / 55.0%

$330,000 Connecticut DSCR Rental Loan for a Cash-Out Refinance of a rental property in New Haven. Recent renovations of this three-family colonial home include a new roof and hot water heaters as well as significant updates to the kitchens, bathrooms, electrical, and plumbing.

Quadruplex

Indianapolis, IN

Loan Amount / $187,500
Rate / 8.500%

Purpose / Acquisition
LTV / 75.0%

$187,500 Indiana DSCR Rental Loan for an Acquisition of a rental property in Indianapolis. This quadruplex is located in a commuter-friendly city, well-known as a center of several major interstates. It will continue its current use as a long-term rental upon acquisition.

Triplex

Jackson, MS

Loan Amount / $225,000
Rate / 8.000%

Purpose / Acquisition
LTV / 75.0%

$225,000 Mississippi DSCR Rental Loan for a Acquisition of a rental property in Jackson. This 1930’s Victorian triplex features original hardwood flooring and carpentry contributing to the overall charm and character. The property is currently fully occupied as a long-term rental.

Single-Family Residence

Oshkosh, WI

Loan Amount / $150,000
Rate / 10.000%

Purpose / Acquisition
LTV / 75.0%

$150,000 Wisconsin DSCR Rental Loan for a Acquisition of a rental property in Oshkosh. Located in a well-established residential market and a block away from Lake Winnebago, the property is nearby public schools and transportation, shopping, employment, and recreational facilities.

Duplex

Detroit, MI

Loan Amount / $94,500
Rate / 9.375%

Purpose / Cash-Out Refinance
LTV / 70.0%

$94,500 Michigan DSCR Rental Loan for a Cash-Out Refinance of a rental property in Detroit. This Colonial-style property is located in a cozy, safe neighborhood filled with other historic bungalows and colonial-style homes that have been converted into duplexes.

Quadruplex

Millville, NJ

Loan Amount / $264,000
Rate / 9.250%

Purpose / Acquisition
LTV / 74.6%

$264,000 New Jersey DSCR Rental Loan for an Acquisition of a rental property in Millville. Built in 1892, the property reflects some modernization, with updated features to the kitchens and bathrooms, including laminate floors, updated cabinets and counter tops.

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