Deal Status

Active

Property Address

231 Bay Stream Dr

Toms River, New Jersey

Requested Loan Amount

770000

Loan to Value

70

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

4

Property Occupied

No

Loan Type

Refinance

Property Sq. Footage

3260

Current Market Value

1100000

Existing Mortgages

  • 1st

Mortgage 1 Balance

625000

Equity Cash Out

Yes

Equity Cash Out Purpose

Business Working Capital

Equity Cash Out Details

Orthopedic surgeon with 16 years of experience in a private practice is seeking to refinance waterfront property in desirable Anchorage/Evergreen shores neighborhood. Funds to be used for re investment into business.

Appraisal

No

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Excellent

First Name

Matthias

Last Name

Mogensen

Company

Role

Mortgage Broker

Location

Orlando
Florida
USA