3,391 SQ FT – Cash-Out Refinance 2 SFR’s

Property 1 Front Pic

Property 2 Front Pic

Property’s Location: Columbus, OH

Property’s Combined Value: $96,000

Loan Amount: $40,000

Interest Rate: 12%

Term: 24 Months

Broker Fee: 4 Points

Closed In: 3 Weeks

Borrower pledged two free and clear rental properties to obtain funds needed to complete rehab on one of them.