Borrowers are looking to cash out on subject property located in Columbus, OH to hold for long-term rental loan. Subject is an SFR borrower acquired it for $107k in 2021 and spent over $20k on renovation before placing tenant in it, and is currently leased for $1,250 per month which is below the market rates …
Borrower looking to do a delayed purchase for $180k on subject property located in Houston, TX. Property is a SFR and has an appraiser’s estimate of market rent as $1,900/Month. Property is appraised for $205k As-Is and Sponsor with mid-score of 784 and bank statements reflect sufficient liquidity. Loan structured and priced in accordance with …
New client, cash out refinancing a SFR located in Rochester, NY. This property was acquired for $81.5K in March 2021, and it is currently appraised for $155K as-is (CDA Confirmed) and is leased in line with the market rent at $1,500/month on a Month-by-month basis. Loan is structured at 65% LTV presenting 1.46 DSCR.
Repeat client is rate/term refinancing a 4-family unit in Sachse, TX which was purchased for $586K in October 2022. Property is in average condition and is appraised for $571K as-is with a CDA confirming the value. 3/4 units are leased for a total of $4,100/month. Sponsor has good credit and liquidity to close. Loan is …
Repeat client is rate/term refinancing a SFR in Saint Charles, IL which was purchased for $237.5K in November 2022 and completed $83K worth of rehab. Property is appraised for $420K as-is (CDA Confirmed). Sponsor has good credit and liquidity to close the deal. Loan is structured at 65.6% LTV presenting 1.20 DSCR.
New foreign national borrower, cashing out a SFR located in Jacksonville, FL which was purchased for $150K in July 2022 and completed $50K worth of rehab. Property is appraised for $280K as-is and is leased in line with the market rent at $1,695/month. Loan is structured at 46.4% LTV presenting 1.39 DSCR with 3 year …
New client, who is a licensed real estate agent is cashing out a free and clear SFR in Reedley, CA which was purchased for $268.5k in October 2020. Property is now appraised for $303k as-is (CDA Confirmed) and is leased above market rent at $1,920/month. Sponsor has good credit and sufficient liquidity to close this …
Experienced borrower looking to refinance existing debt on subject property located in Dallas, TX and hold it to long-term loan. Subject is an SFR borrower acquired for $184,999.00 on 4/13/2022 and spent over $128k on renovation before placing a tenant in it and is currently leased for $2,750 per month which is below the market …
Borrower is under contract to acquire the subject property located in Fayetteville, NC for $150K with intentions of holding it as a long-term income property. Subject is an SFR and has an appraiser’s estimate of $1,400/Month. Subject property is appraised for $160k As-Is and Sponsor with mid-score of 744 and bank statements reflect sufficient liquidity. …
Borrower looking to cash out on existing debt on subject property located in Rome, GA and hold it to long term loan. Subject is an SFR currently leased for $1,000 per month which is below the market rates per the appraiser’s estimate $1,450/month. Subject appraised for $161k As-Is and a CDA confirmed the value was …
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