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Recent Investment Property Fundings

Real Investments. Real Results.

Fix and Flip

Fayeteville, GA

Loan Amount / $200,864
LTC / 85.0%

Construction Funding / $61,310
LTV / 69.0%

Initial Funding / $148,750

Experienced borrower completing a cosmetic rehab in Fayeteville, GA with an exit strategy to sell.

Duplex

Morgantown, WV

Loan Amount / $114,800
Rate / 8.625%

Purpose / Cash-Out Refinance
LTV / 70.0%

$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

Loan Amount / $243,700
Rate / 9.750%

Purpose / Acquisition
LTV / 75.0%

$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

Loan Amount / $1,400,000
LTC / 73%

Construction Funding / $0
LTV / 62%

Initial Funding / $1,400,000

Experienced borrower completing a cosmetic rehab in Los Angeles, CA with an exit strategy to sell.

Fix and Flip

China Grove, NC

Loan Amount / $175,000
LTC / 83%

Construction Funding / $33,333
LTV / 70%

Initial Funding / $141,667

New borrower completing a cosmetic rehab in China Grove, NC with an exit strategy to sell.

PUD

Moab, UT

Loan Amount / $532,000
Rate / 8.625%

Purpose / Cash-Out Refinance
LTV / 70.0%

$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

Loan Amount / $172,550
Rate / 9.875%

Purpose / Cash-Out Refinance
LTV / 70.0%

$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.

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.

Fix and Flip

Saint Petersburg, FL

Loan Amount / $352,750
LTC / 85%

Construction Funding / $70,000
LTV / 67%

Initial Funding / $282,750

Novice borrower completing a cosmetic rehab in Saint Petersburg, FL with an exit strategy to sell.

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