ASSIGNMENT:

One of our most revered Investor client-friend had purchased this property back in the first quarter of 2017. Since the time of acquisition they had made some substantial capital improvements, they instituted a Utility rubs program and rents had increased across the board. The client was sure the value had increased and therefore was curious to know what loan amount could be obtained if they were to do a cash out refinance. 

CHALLENGE:

Since the property had been purchased not too long ago there was a significant prepay to overcome, along with the need to gain the lenders understanding of the increased income and decreased expenses.

SOLUTION:

We were able to negotiate with the lender who had the current 1st trust deed to waive their prepay and to allow for maximum cash out. Not a bad investment for the client in three years the property had appreciated by almost 30% or 5 million. It is no joke when you hear people talk about how investing in real estate is probably one of the best investment vehicles for building a person's wealth. This is is just one of many transactions that supports why real estate builds wealth more consistently than other asset classes.