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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
05/31/2023
Property Type
Single Family Residence
Property City
North Prince George
Property State
VA
Loan Term (months)
360
Lien Type
1st Trust Deed
Payment Type
Interest Only
Property Value
$240,000
Previous Loan Balance
$178,000
Loan-to-Value
74.17%
Term
30 years
Rate Type
Fixed
Location Type
Suburban
Property Condition
Good
Occupancy at Closing
Tenant-Occupied
Number of Units
1
Borrower's Plan
Long-Term Rental
Borrower Credit Rating
Excellent
Interest Rate
7.25%
Deal Summary
Park Place Finance, a nationwide direct lender, funded DSCR Cash-out/Refinance on $178,000 at 7.25%. The borrower is the landlord of a long-term rental property and has excellent credit. The loan is a 30-year fully-amortized loan. The property appraised at $240,000 and is tenant-occupied.
Funded By
Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors