- Loan Amount: $940,000
- Rate: 7.99%
- Appraisal Value: $ 3,900,000
- Term: 24 months
- Lien Position: First
Time was running out for this borrower who needed to refinance a sizable maturing loan that encumbered 3 rental properties in Palo Alto. The properties are located in College Terrace, two blocks from Stanford University and one block from El Camino Real Blvd. Funds were used to pay off the maturing loan plus closing costs.
