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2-4 Unit (5)
This property is awaiting permits to build a new, luxury duplex. The loan is a bridge on the current duplex which is being rented month-to-month until the permits are finalized in Q4 of 2023.
This 3-unit building is located in the historic Tri-Taylor neighborhood near the Illinois Medical District, University of Illinois, surrounded by top-rated schools, parks, shopping, and public transportation. The main level is already renovated, they borrower will be renovating the two additional units including new kitchens, bathrooms, flooring and mechanicals. They are highly experienced, local real […]
The property is a two unit rental in Glenside, PA, a town just 6 miles outside of Philadelphia. The town is most notable for its entertainment, such as the Keswick Theatre, restaurants, recreational facilities and parks. This loan is a 24 month bridge loan to build short-term rental history with a goal to refinance by […]
Detached Duplex with 5 bedrooms and 2 bathrooms in the Clark-Fulton Neighborhood. The borrower typically purchases and rehabs properties in cash and is using purchase only financing on this property to be more efficient with his capital. Upon completion of rehab, the loan will be refinanced into a DSCR loan from Aloha Capital.