Deal Status

Active

Property Address

1822 bassett

detriot , Michigan

48217

Requested Loan Amount

70000

Loan to Value

65

Loan Term

24

Lien Position

1st

Collateral Type

Residential Property

Exit Strategy

Refinance

Property Type

Single Family Residence

Number of Bedrooms

3

Number of Bathrooms

-1

Property Occupied

No

Loan Type

Refinance

Property Sq. Footage

888

Current Market Value

40000

Equity Cash Out

Yes

Equity Cash Out Purpose

Business Working Capital

Equity Cash Out Details

the borrower will use the funds for working capital. the borrower is seeking a cashout refinance . the three properties are owned free and clear. the borrower is seeking a blanket cashout refinance.

Appraisal

Yes

Lot Size

1

Property Photos

Will additional properties be collateralized?

Yes

Additional Properties

Address

3222 liddesdale
detriot, Michigan
48217

APN Parcel ID Number

Type

Residential 1-4 Units

Number of Units

1

Photos

Address

2943 liddesdale
detriot, Michigan
48217

APN Parcel ID Number

Type

Residential 1-4 Units

Number of Units

Photos

Borrower Entity

LLC

Borrower Credit Rating

Good

Additional Attachments

Comments

the borrower will use the funds for working capital. the borrower is seeking a cashout refinance . the three properties are owned free and clear. the borrower is seeking a blanket cashout refinance. the borrower understands that the properties will be refinanced into his LLC. borrower understands that the cashout refinance will be a commercial blanket cashout refinance. the bpo for the three properties are attached.

First Name

Bernard

Last Name

McGee

Company

Capital Business Partners

Role

Consultant

Location

hoover
Alabama
USA