Recent Fundings (original) (raw)

New Construction

Horseshoe Bay, TX

Loan Amount / $697,125

LTC / 93%

Construction Funding / $697,125

LTV / 63%

Novice borrower completing a new construction in Horseshoe Bay, TX with an exit strategy to sell.

Fix and Flip

Washington, DC

Loan Amount / $283,920

LTC / 80%

Construction Funding / $76,000

LTV / 69%

Initial Funding / $207,920

New borrower completing a cosmetic rehab in Washington, DC with an exit strategy to sell.

Single-Family Residence

Boulder, CO

Loan Amount / $1,029,500

Rate / 7.875%

Purpose / Rate-Term Refinance

LTV / 74.9%

$1,029,500 Colorado DSCR Rental Loan for a Rate-Term Refinance of a rental property in Boulder. This extensively remodeled short-term rental features a new open kitchen, updated plumbing and electrical systems, and a remodeled basement with egress windows. Its prime location adjacent to CO-93 offers easy access to downtown Boulder.

Single-Family Residence

Wautoma, WI

Loan Amount / $315,000

Rate / 7.750%

Purpose / Acquisition

LTV / 70.0%

$315,000 Wisconsin DSCR Rental Loan for an Acquisition of a rental property in Wautoma. This property offers year-round appeal for outdoor enthusiasts, with nearby lakes for boating, fishing, and swimming, as well as access to hunting, hiking, and biking trails. Its proximity to Mt. Morris Ski Area enhances its potential as a lucrative short-term rental.

Single-Family Residence

Dartmouth, MA

Loan Amount / $434,000

Rate / 6.500%

Purpose / Acquisition

LTV / 70.0%

$434,000 Massachusetts DSCR Rental Loan for an Acquisition of a rental property in Dartmouth. This newly constructed property is ideally located just two miles from the charming Padanaram Village, known for its boutique shops and waterfront dining, and offers easy access to Apponagansett Bay, perfect for boating and fishing enthusiasts.

Fix and Flip

South Park Township, PA

Loan Amount / $128,000

LTC / 80%

Construction Funding / $48,000

LTV / 61%

Initial Funding / $80,000

Novice borrower completing a cosmetic rehab in South Park Township, PA with an exit strategy to sell.

Fix and Flip

Vernon, CT

Loan Amount / $301,750

LTC / 85%

Construction Funding / $55,250

LTV / 66%

Initial Funding / $246,500

Borrower completing a cosmetic rehab in Vernon, CT with an exit strategy to sell.

Fix and Flip

Costa Mesa, CA

Loan Amount / $1,668,000

LTC / 84%

Construction Funding / $400,000

LTV / 70%

Initial Funding / $1,268,000

Borrower completing a high end renovation in Costa Mesa, CA with an exit strategy to sell.

Fix and Hold

Keizer, OR

Loan Amount / $294,800

LTC / 84%

Construction Funding / $70,000

LTV / 69%

Initial Funding / $224,800

Experienced borrower completing a rehab in Keizer, OR with an exit strategy to refinance.