Property Address

1428 Martin Luther King JR Way Seattle Washington 98122

Requested Loan Amount

$715,000

Loan to Value

65%

Loan Term

24 months

Lien Position

1st

Collateral Type

Residential Property

Exit Strategy

Refinance

Collateral and Loan Details

Property Type

Single Family Residence

Number of Bedrooms

4

Number of Bathrooms

1

Owner Occupied

No

Loan Type

Refinance

Property Sq. Footage

1,500

Current Market Value

$1,200,000

Existing Mortgages

1st

Mortgage 1 Balance

$550,000

Equity Cash Out

Yes

Equity Cash Out Purpose

Invest in Another Property

Equity Cash Out Details

Client is looking to refinance this property away from current lender. Funds will be utilized to payoff first mortgage, repair property, replace current tenant and take cash out to pay off some debt.

Have Appraisal

No

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Poor

First Name

Jelani

Last Name

Polite

Phone Number

(856) 383-5100

Company

William P Financial Group

Role

Mortgage Broker

Location

Voorhees New Jersey USA

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