Deal Details
Private Loan Type
Equity Cash Out
Approx. Funding Date
01/07/2020
Property Type
Ranch
Property City
Humboldt County
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Exit Strategy
Refinance
Deal Summary
Reprop Financial, a private money lender, funded a $350,000 equity cash-out loan secured by a Ranch in Humboldt County, CA. Our Borrower shopped around for a cash-out loan. Our offer met his needs and will save him the fees of refinancing every 2-4 years. We funded quickly with great terms: full amortization, no balloon payment required. This equity cash-out loan was funded in January 2020.