Deal Status

Active

Property Address

2205 loring court

decatur , Georgia

30030

Requested Loan Amount

400000

Loan to Value

66

Loan Term

60

Lien Position

1st

Collateral Type

Residential Property

Exit Strategy

Refinance

Property Type

Single Family Residence

Number of Bedrooms

9

Number of Bathrooms

6

Property Occupied

No

Loan Type

Refinance

Property Sq. Footage

7000

Current Market Value

688000

Existing Mortgages

  • 1st

Mortgage 1 Balance

390000

Equity Cash Out

Yes

Equity Cash Out Purpose

Improve Subject Property

Equity Cash Out Details

lite rehab

Appraisal

No

Lot Size

.25

Will additional properties be collateralized?

Yes

Borrower Entity

LLC

Borrower Credit Rating

Excellent

Additional Attachments

h

Comments

The client has a portfolio of 3 residential income single family homes. He wants to refinance all 3 but at a minimum start with 2205 Loring Ct given that the loan on that one is coming due 8/1/20. All 3 properties have long term tenants and leases. Visit this link to see supporting documents: https://drive.google.com/drive/folders/1dxSQAZwPOtXLS0sYyb_T87Df6rKid_fg?usp=sharing

First Name

Pedro

Last Name

Marrero

Company

Engel & Volkers

Role

Mortgage Broker

Location

orlando
Florida
USA