Our borrower needed cash-out to pay off existing debt on another property. The collateral property is located in Merced, CA. Borrower owns multiple properties and wanted to restructure debt. Borrower is a seasoned property manager with a diverse portfolio of properties throughout the central valley.

 

Loan Amount: $240,000

LTV: 40%

Loan Position: First Deed of Trust

Loan Position: First Deed of Trust