Funded$1.62MFix & FlipCAIn closing$19.5MHospitality BridgeHauppauge, NYIn closing$10.5MSenior Housing BridgeILFunded$1.18MFix & FlipUniversity Place, WAIn closing$1.6M6-Unit MultifamilyNYIn closing$1.46M10-Unit MultifamilyNYFunded$958KFix & FlipEast Meadow, NYIn closing$1.13MMixed-Use DSCRNYTerm sheet$47.2MHotel Reposition BridgeILFunded$163KDSCR RefiKansas City, KSTerm sheet$19.5M200-Unit Multifamily BridgeFLTerm sheet$15.2MLand BridgeCOFunded$137KDSCR RentalRaytown, MOTerm sheet$13MLand BridgeCATerm sheet$10.8M54-Unit ConstructionAZFunded$978KCommercialWhite Settlement, TXTerm sheet$7MLandGATerm sheet$1.37MGround-Up SFRMDFunded$2.75MMultifamily BridgeSilver Spring, MDTerm sheet$1.28MDSCR CondoFLTerm sheet$1.18MMixed-Use DSCRNYFunded$3.15MMultifamilyFort Myers, FLTerm sheet$1.13MMixed-Use DSCRNYTerm sheet$1.07M25-Unit MultifamilyMIFunded$116KDSCRGrandview, MOTerm sheet$1.05MCommercial ConstructionFLTerm sheet$1.05MCommercial BridgeMITerm sheet$975KCommercial RefiILTerm sheet$880K16-Unit MultifamilyFLTerm sheet$840K26-Unit MultifamilyALTerm sheet$800K9-Unit MultifamilyDCTerm sheet$438KCommercial Cash-OutMITerm sheet$353KDSCR Cash-OutTN
SFR in Kansas City, KS

Closed Deal · #40

$162,750 DSCR Refi — SFR in Kansas City, KS

30-Yr Fixed DSCR — Refinance

Deal terms

Property type
SFR
Location
Kansas City, KS
Loan type
DSCR Refi
Program
30-Yr Fixed DSCR — Refinance
Leverage
N/A
Rate
N/A
Deal value
$162,750

How we structured it

A $162,750 refinance on a Kansas City, Kansas rental, fixed for 30 years and qualified on the property's rent rather than the owner's tax returns. This was the same Kansas City–area investor's third funded loan with 818 since July.

Small-balance rentals are where most desks stop returning calls, and where a real DSCR program does the most good: the investor moves a property off short-term money and onto long-term debt the rent actually covers. Figures reflect this transaction; every deal varies.

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