Deal Status

Active

Property Address

Houston Texas

Requested Loan Amount

$868,367

Loan to Value

80%

Loan Term

12 months

Lien Position

1st

Collateral Type

Residential Property

Exit Strategy

Other

Collateral and Loan Details

Property Type

Single Family Residence

Number of Bedrooms

5

Number of Bathrooms

5

Owner Occupied

No

Loan Type

Refinance

Property Sq. Footage

3,377

Current Market Value

$1,100,000

Existing Mortgages

1st

Mortgage 1 Balance

$600,000

Equity Cash Out

Yes

Equity Cash Out Purpose

Invest in a Business

Equity Cash Out Details

Client would like to cash out equity to explore other business opportunities.

Have Appraisal

No

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Prefer Not to Answer

Exit Strategy Details

Borrower will pay out from profits of business or refinance

First Name

Angie

Last Name

Rainey

Phone Number

(404) 939-1072

Company

The Multi Group, LLC

Role

Mortgage Broker

Location

Atlanta, Georgia

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