DSCR Rental Refinance Loan for 2-4 Unit Residential in Durham, NC

Funded by LendingOne

$360,000

Deal Details

Private Loan Type

Refinance

Approx. Funding Date

08/24/2023

Property Type
2-4 Units Residential
Property City

Durham

Property State

NC

Loan Term (months)

360

Property Value

$600,000

Previous Loan Balance

$328,862

Loan-to-Value

60%

Term

30 years

Rate Type

Fixed

Debt Service Coverage Ratio

1.48

Occupancy at Closing

Vacant

Number of Units

2

Deal Highlights

High-value duplex
Cash-out refinance
Strong DSCR

Funded By

LendingOne

Rental, Fix & Flip, Construction & Multifamily Bridge Loans Nationwide