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Updated about 11 years ago,

John Hixon's profile image
John Hixon's profile image
John Hixon
  • Investor
  • from The Colony, Texas
  • Member since Dec 25, 2013
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283
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205
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John Hixon's profile image
John Hixon's profile image
John Hixon
  • Investor
  • from The Colony, Texas
  • Member since Dec 25, 2013
Connect
John Hixon
  • Investor
  • The Colony, TX
205
Votes |
283
Posts
Private Lending & Conventional Mortgage Advice

What does this mean?

John Hixon
  • Investor
  • The Colony, TX
Posted

I saw the below listed for a group of rental properties. Can anyone tell me what it means?

"The Mortgage Loan is being made by a Local Bank who is willing to give a release per residence for 120% of the pro-rate Loan Amount per Resident"

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