9 Units Multifamily
Another Successful Funded Loan
- $1,057,000
- 5 Year Fixed @ 5.790%
- C/O Refinance - 70% LTV
- 9 Units
- Multifamily Property
- Victorville, CA
ASSIGNMENT:
Cashout refinance with a goal to maximize loan proceeds intended to be used towards a new purchase.
CHALLENGE:
Just needed to move quickly in getting the loan submitted for the letter of interest because of the news that rates were getting ready to increase.
SOLUTION:
The apartments appraised for a little less than what was anticipated but it didn't create any roadblocks to closing. Alleluia!
