Escrow closed 7/21/16. Paid Off 12/8/17
Union City, Arizona St., CA 94587
**New Refinance Luxury Rental Home in Middle of Remodel
+ LOW 52% Loan to Value Finished & 69% Loan to Value As-is + Great Rental Income + Strong Borrower**
**Rate & Term Refinance NO Cash Out**
Appraised Value: $560,000 (Redfin shows value $795,000)
New 1st Trust Deed: $416,000
Protective Equity: $144,000
Loan to Value: 52% Finished Value 74% As-is Value
You Net: 10%
Term 2 Year with 6 month pre-pay
To Be Rented For $4,750 per Month
Borrower Credit: 604
Borrower is a Small Business Owner for the last 19 years. The family owns 2 rentals properties in the local market
+ LOW 52% Loan to Value Finished & 69% Loan to Value As-is + Great Rental Income + Strong Borrower**
**Rate & Term Refinance NO Cash Out**
Appraised Value: $560,000 (Redfin shows value $795,000)
New 1st Trust Deed: $416,000
Protective Equity: $144,000
Loan to Value: 52% Finished Value 74% As-is Value
You Net: 10%
Term 2 Year with 6 month pre-pay
To Be Rented For $4,750 per Month
Borrower Credit: 604
Borrower is a Small Business Owner for the last 19 years. The family owns 2 rentals properties in the local market