8 SFR loans closed across Florida and Pennsylvania

Deal Overview

LoanBase is pleased to announce the financing of eight single-family rentals across Florida and Pennsylvania. The Sponsor came to LoanBase while in escrow to purchase an investment property. They were looking for a high loan-to-value (LTV) product and a lender that could close quickly. Using our Lender Search Engine, the buyer was able to identify the best lenders for the deal and select from the best options for them. The loan was closed at 80% LTV and within the escrow timeframe. This client has continued working with LoanBase to secure financing for another seven properties and is actively scouting their next investment property.

Transaction Details

Loan Amount

723,200

Loan to Value

80%

Term

10 year IO

Prepayment

5/4/3/2/1

Rate

6.99

DCR

1.0

Recourse

Non-recourse