Deal Status

Active

Property Address

Reno, Nevada

Requested Loan Amount

760000

Loan to Value

80

Loan Term

24

Lien Position

1st

Collateral Type

Residential Property

Exit Strategy

Refinance

Property Type

Single Family Residence

Number of Bedrooms

5

Number of Bathrooms

5

Property Occupied

Yes

Loan Type

Refinance

Property Sq. Footage

4286

Current Market Value

950000

Existing Mortgages

  • 1st

Mortgage 1 Balance

469000

Equity Cash Out

Yes

Equity Cash Out Purpose

Invest in a Business

Equity Cash Out Details

Client is seeking to cash out on equity to purchase back her assisted living business that was sold last year, do some light renovations on another commercial property and consolidate debts.

Appraisal

No

Property Photos

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Excellent

Additional Attachments

h

First Name

Matthias

Last Name

Mogensen

Company

Engel & Volkers

Role

Mortgage Broker

Location

Orlando
Florida
USA