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Refinance
1620 W Flower Ave
Fullerton, California 92833
The borrower and her partner operate an import and export business. They want to acquire merchandise to import at a low wholesale price to retain extra profits. However, the maturity date for their current second loan is approaching, which means they need to refinance.
Loan TypeRefinance
Property Type1 - 4 Unit Residential
Appraisal Value$ 920,000
Requested Loan Amount$ 508,000
Combined Loan to Value (CLTV)55.22%
Interest RateLender's Choice
Loan Term1 Year
OccupancyRental
Created AtDec 31, 2024, 10:26 PM
Updated AtJan 2, 2025, 5:10 PM
Loan purpose
The borrower currently has a $200,000 second trust deed loan and wants to pay it off.
Exit plan
The borrower is looking to either refinance or sell the property soon.