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Refinance
4544 Daleridge Rd
La Cañada Flintridge, California 91011
The borrower is a dedicated worker who has saved money from operating a liquor store for 40 years. He trusted the property owner and invested $200,000. Unfortunately, the previous investor in the house was unable to repay the loan, which resulted in the current owner foreclosing on the property. The current owner then hired an attorney to evict the tenants living in the house.
Loan TypeRefinance
Property Type1 - 4 Unit Residential
Appraisal Value$ 3,000,000
Requested Loan Amount$ 1,975,000
Combined Loan to Value (CLTV)65.83%
Interest RateLender's Choice
Loan Term1 Year
OccupancyRental
Created AtJan 3, 2025, 12:04 AM
Updated AtJan 3, 2025, 1:12 AM
Loan purpose
The borrower wants to refinance the existing third trust deed loan because the maturity date is approaching.
Exit plan
The borrower will sell his house as soon as the tenants move out.