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

LoanBase recently facilitated a complex loan transaction involving 45 single-family rentals in Texas. These properties were owned by a foreign national who faced challenges accessing capital for their US real estate. However, LoanBase was able to find a lender that recognized the financial strength of the borrower and the value of the assets securing the loan.

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
• Loan Officer: Brandon Brooks (LinkedIn)

Brandon Brooks, the loan officer from LoanBase, played a crucial role in securing this loan. His expertise and connections in the industry allowed him to find a lender willing to provide the necessary capital to the foreign national borrower. With a deep understanding of the financial strength of the borrower and the potential of the secured assets, LoanBase was able to navigate the complexities of the transaction.