Equity Cash Out04/01/2019
Cash out refi on 3 parcels structured into one loan, allowing for renovations to increase the borrowers' rental income. This client has an extensive book of business with our company. We completed this transaction in only 7 days. The exit for our client will refi the property after completion of the renovation and the rental stabilization to qualify for a bank loan. This was a smooth transaction for the client as well for our company.