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Updated about 10 years ago on .

User Stats

900
Posts
230
Votes
Karen Schimpf
  • Lender
  • Nat'l Commercial Mtg Lender - Round Rock, TX
230
Votes |
900
Posts

$75,000 Single Family Residence Cash Out Refinance

Karen Schimpf
  • Lender
  • Nat'l Commercial Mtg Lender - Round Rock, TX
Posted

Type: $75,000 SFR Cash Out Refinance. Most lenders in that space do not like small loan amounts. The investor had purchased the foreclosure for $46,000 12 months ago. The investor had put in $21,000 in rehabbing and had wanted to pull money out of the SFR to purchase another property. The appraisal came in at $101,000 and we were able to get cash out up to 75% loan to value on a 30 year fixed loan with no prepayment penalty.

We bring the resources of the entire country to a local marketplace and because of this, we can close more loans than anyone else in the country. If you or anyone you know is struggling to get financed on a commercial deal… Call Karen Schimpf at 512-650-8630 or check out my website @ www.ApplyCommercialLoans.com

  • Karen Schimpf
  • Offering