DSCR Rental Refinance Loan for Townhome in Colorado Springs, CO
$272,000
)
Deal Details
Private Loan Type
Refinance
Approx. Funding Date
06/05/2026
Property Type
Property City
Colorado Springs
Property State
CO
Loan Term (months)
360
Lien Type
1st Trust Deed
Payment Type
Amortized
Property Value
$390,000
Previous Loan Balance
$285,000
Loan-to-Value
70%
Term
30 years
Rate Type
Fixed
Debt Service Coverage Ratio
1.0
Location Type
Suburban
Property Condition
Newly Renovated
Occupancy at Closing
Tenant-Occupied
Number of Units
1
Building Square Footage
1,660
Lot Square Footage
1,217
Borrower's Plan
Long-Term Rental
Exit Strategy
Pay Down
Borrower Credit Rating
Excellent
Interest Rate
5.88%
Origination Points
1%
Deal Summary
This rate/term refinance of a fully updated rental property featured a 5.875% rate on a 30 year fixed that included an interest rate buy-down for this borrower. The refinance paid off the borrower’s underlying rehab financing for the property, which Red Rock Capital also provided for the acquisition. The borrower had purchased this deal off market from a wholesaler and his contractor fully updated this townhome which back’s up to a major park/trail system close to downtown Colorado Springs. A long term tenant was placed back in December 2025 so the rents had been in place for the past few months.
Funded By
Red Rock Capital
Non-Recourse Loans for Self-Directed IRAs & Solo 401(k)s Fix-and-Flip, Bridge, and Long-Term Rental Financing