Escrow closed 05/01/2021.
Oakland, Chestnut, CA
Appraised Value: $1,125,000
New 1st Trust Deed: $786,000
Protective Equity: $230,000
Loan to Value: 69% Ltv
You Net: 10.0%
Rents: $6,500 per month Term 2 year with 6 Month pp
Our borrower is requesting a NEW refinance loan for this DUPLEX rental property in a great location of Oakland in California.
The property appraised for $1,125,000. The property is rented for $6,500 per month.
The borrower lives locally and is a Small business owner for the last 20 years.
He is also a seasoned real estate investor with another 3 rental homes and a commercial property owned.
New 1st Trust Deed: $786,000
Protective Equity: $230,000
Loan to Value: 69% Ltv
You Net: 10.0%
Rents: $6,500 per month Term 2 year with 6 Month pp
Our borrower is requesting a NEW refinance loan for this DUPLEX rental property in a great location of Oakland in California.
The property appraised for $1,125,000. The property is rented for $6,500 per month.
The borrower lives locally and is a Small business owner for the last 20 years.
He is also a seasoned real estate investor with another 3 rental homes and a commercial property owned.