• Loan Amount * $110,000
  • Rate * 9.99%
  • ReProp’s Value * $350,000
  • Term * 12 Months, Interest Only
  • Lien Position * First

Our borrower recently purchased a four-plex in need an major renovation. We were able to make her a cash out refinance loan for the renovation work. We were able to underwrite the loan based on the as-is value and did not need to use a construction reserve.

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