Luxury Rental Home

January, 19 2021 Posted by clubhousecap-admin Posted by 0 comments

Coastal New England

Clubhouse Capital secured a $2.1 million mortgage loan to refinance construction debt on this luxury rental property located within a gated seaside resort community. The property generates $300k± in annual rental income via 9-month “academic year” and 3-month summer vacation leases. The loan was funded by a local bank with an interest rate in the low 4s and a 25-year amortization schedule. (Fall 2020)