Cash Out Refinance on 16 Unit Multi-Family in Stockton
RECENTLY FUNDED TRANSACTION:
Loan Amount: $828,750
Loan Purpose: Cash Out Refinance
Property Type: 16 Unit Multi-Family
OPPORTUNITY:
Recent purchase acquisition a little over a year ago with great upside in rents. With a lot of improvements complete, along with the new tenants paying higher rents, we saw a value increase. In conclusion, our borrowers were able to leverage this opportunity to cash out and recoup their cash invested in the property.
For more information call:
Kevin Kiser
(714) 908-5271
