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.