Deal Status

Active

Property Address

8933 Biscayne Ct., #223H (County Records #172)

Huntington Beach, California

92646

Requested Loan Amount

225000

Loan to Value

52

Loan Term

60

Lien Position

1st

Collateral Type

Residential Property

Exit Strategy

Refinance

Property Type

Single Family Residence

Number of Bedrooms

2

Number of Bathrooms

2

Property Occupied

No

Loan Type

Refinance

Property Sq. Footage

1056

Current Market Value

430000

Existing Mortgages

  • 1st

Mortgage 1 Balance

233000

Equity Cash Out

No

Equity Cash Out Purpose

Improve Subject Property

Appraisal

No

Will additional properties be collateralized?

No

Borrower Entity

Individual(s)

Borrower Credit Rating

Excellent

Comments

Currently have a hard money loan @8% interest only on this property ($1600/mo and actually paying $1800/mo). Have STRONG renter in place since 1/1/2015 - at $2145/mo. currently - increased 4% annually. HOA is $485/mo. Will pay closing costs out of pocket and pay down loan to $225,000 (from current $233,000). Looking for lowest closing costs, interest rate, and amortized loan. Will consider any term from 3 years to 30 years.

First Name

Lise

Last Name

Friisbaastad

Company

DESA Properties LLC

Role

Borrower

Location

Black Hawk
Colorado
USA