The borrower is refinancing an existing mortgage for the subject investment property. The mortgage will be paid off via sale of the subject property or refinance through conventional debt
loan overview
$600,000
loan priority
1st Mortgage
loan type
Refinance
loan to value (LTV)
60%
appraisal value
$1,000,000
interest rate %
Sub 10%
term length (months)
24 Months
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