Equity Cash-Out Loan For A Multi-Parcel Mixed-Use Property in Stockton, California

Funded by Arch Loans

$495,000

Deal Details

Private Loan Type

Equity Cash Out

Approx. Funding Date

04/01/2019

Property Type
Mixed-Use
Property City

Stockton

Property State

CA

Lien Type

1st Mortgage

Payment Type

Interest Only

Deal Highlights

We completed this transaction in only 7 days.

Deal Summary

ARCH Loans, a private lender, funded a $495,000 1st lien position equity cash-out loan for a 3-parcel mixed-use property in Stockton, California. The renovations will allow an increase in 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 strategy of our Client will be to refinance 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 as for our company. This equity cash-out loan was funded in April 2019.

Funded By

Arch Loans

Low and High Leverage Options, up to 90% of purchase price for fix & flip