Deal Status

Active

Property Address

2218 Armada Way San Mateo California 94404

Requested Loan Amount

$1,200,000

Loan to Value

80%

Loan Term

60 months

Lien Position

1st

Collateral Type

Residential Property

Exit Strategy

Refinance

Collateral and Loan Details

Property Type

Single Family Residence

Number of Bedrooms

3

Number of Bathrooms

2.5

Owner Occupied

No

Loan Type

Refinance

Property Sq. Footage

2,020

Current Market Value

$1,539,000

Existing Mortgages

1st

Mortgage 1 Balance

$1,100,000

Equity Cash Out

Yes

Equity Cash Out Purpose

Invest in Another Property

Equity Cash Out Details

Cash out will be used for a cash reserve on the property. We would be open to no cash out and reducing the loan to $1,100,000.00

APN Parcel ID

035-522-800

Lot Size

2,600 acres

Will additional properties be collateralized?

No

Property Photos

Borrower Entity

LLC

Borrower Credit Rating

Excellent

Additional Attachments

Comments

Would consider a $260,000.00 second position loan instead that would follow a conventional first position.

First Name

John

Last Name

Kohnke

Phone Number

(650) 576-0328

Company

Central Bay Properties, LLC

Role

Borrower

Location

California USA

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