$3,000,000 - Cash-Out Refinance of New Construction SFR
- 16 hours ago
- 1 min read
Loan Amount | $3,000,000 |
Transaction | Cash-Out Refinance |
Collateral | 7,841 square foot newly built single family residence on a 12,745 square foot lot |
Location | Pacific Palisades, California |
Purpose of Loan | Cash-out refinance of free & clear property to recoup funds for another investment |
Exit Strategy | Sale of property |
Long Term | 6 Months |
Rate | 7.90% interest only |
Additional Terms | No prepayment penalty. No yield maintenance. Non-recourse. |
Comments