This is a cash out refi on a free and clear units property in LA. Conservatively this property is worth $550,000 making this a 30% LTV or less loan.
$165,000 1st at 30% LTV
9.49% Yield (10.99% note rate)
12 month prepay penalty term
3 year fixed interest only with a balloon
This process is to reserve your loan. Actual loan purchases will be conducted via bank transfer Dismiss