The borrower is using the funds to refinance an existing mortgage of a lake front investment SFR property. Borrower intends to payoff the mortgage through refinancing with traditional financing.
loan overview
$888,000
loan priority
1st Mortgage
loan type
Refinance
loan to value (LTV)
60%
appraisal value
$1,480,000
interest rate %
Sub 10%
term length (months)
24 Months
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