Deal Details
Private Loan Type
Refinance
Approx. Funding Date
08/14/2025
Property Type
Property City
St. Louis
Property State
MO
Loan Term (months)
360
Lien Type
1st Trust Deed
Payment Type
Amortized
Property Value
$135,000
Loan-to-Value
67%
Term
30 years
Rate Type
Fixed
Debt Service Coverage Ratio
1.83
Property Condition
Good
Occupancy at Closing
Tenant-Occupied
Number of Units
1
Borrower's Plan
Continue Rental
Exit Strategy
Pay Down
Borrower Credit Rating
Good
Interest Rate
7.62%
Origination Points
1%
Deal Summary
Minnow Loan, a local Missouri direct private lender, funded a $90,450 long-term rental refinance loan for a single-family home in St. Louis, MO. The property value was estimated at $135,000, resulting in a 67% loan-to-value. This was a new Borrower with a strong rental property generating solid cash flow and a healthy DSCR. The appraisal came in significantly higher than expected, which allowed us to refinance the property, cover all closing costs in the new loan, and provide the Borrower with a few thousand dollars back at closing. The fixed interest rate was 7.62%, and we charged 1% origination points. The Borrower will repay the loan over a 30-year fully amortized term. This DSCR loan was funded in August 2025.
Funded By
Minnow Loan
Your Deal. Our Money.
Dealmakers
Shelby Reed
Co-Founder