RECENTLY FUNDED TRANSACTION:
Loan Amount: $828,750
Loan Purpose: Cash Out Refinance
Property Type: 16 Unit Multi-Family
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.
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