Deal Status

Active

Property Address

N Charleston, South Carolina

29405

Requested Loan Amount

107000

Loan to Value

55

Loan Term

360

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Commercial Property Type

Automotive

Automotive Property Types

Auto Repair

Number of Units

4

Current Occupancy

Owner Occupied

Current Occupancy Percentage

100

Loan Type

Refinance

Square Footage

4500

Current Market Value

195000

Equity Cash Out

Yes

Equity Cash Out Purpose

Improve Subject Property

Equity Cash Out Details

NO MORTGAGE ON SUBJECT PROPERTY, CLIENT DESIRES TO TAKE SOME EQUITY OUT TO MAKE IMPROVEMENTS TO PROPERTY AND ADD FUNDS FOR WORKING CAP

Appraisal

Yes

Appraisal Date

05/21/2018

APN Parcel ID

469.16.00.329

Will additional properties be collateralized?

No

Borrower Entity

Individual(s)

Borrower Credit Rating

Fair

Comments

CLIENT HAS NO OPEN CREDIT, OUT OF BK 13, 2 YEARS

First Name

EVERETT

Last Name

CAROLINA

Company

JACINEZ HOLDINGS LLC

Role

Mortgage Broker

Location

Georgetown
South Carolina
USA