LoanBase Arranges $6.2M Refinance Loan For Package Deal Of 45 Single-Family Rentals In Texas

A recent loan transaction arranged by LoanBase involved a package deal of 45 single-family rentals in Texas. The loan amount was $6,200,000, and the loan type was a refinance. The loan terms included a 7-year fixed period with interest-only payments and a 75% loan-to-value ratio, and an interest rate of 5.50%. The assets securing the loan were owned by a foreign national, and LoanBase was able to find a lender who understood the financial strength of the borrower and the value of the properties.

Summary of transaction details:

• Asset Type: Package Deal
• Market: Houston
• Loan Amount: $6,200,000
• Loan Type: Refinance
• Loan Terms: 7/1 IO 75% LTV 5.50% Rate
• Broker: LoanBase - https://loanbase.com/

In this complex loan transaction, LoanBase successfully facilitated the refinancing of 45 single-family rentals in Texas. Despite the challenges faced by non-resident borrowers in accessing capital for their US real estate, LoanBase was able to secure a lender who recognized the financial strength of the borrower and the value of the properties. The loan officer involved in this transaction was Brandon Brooks, representing LoanBase. You can find more information about Brandon Brooks on his LinkedIn profile: https://www.linkedin.com/in/brandonbrooks310/.