Closed Loan in Oakland, California
Purpose: Cash-Out Refinance
Loan Amount: $530,000
Location: Oakland, California
Broker Made: $15,900
- Investor sought to refinance two properties in a strip center and purchase an adjacent vacant lot.
- Commercial Direct provided a blanket loan for the 3 adjacent properties that included the cash-out necessary to purchase the lot.
- Deal was funded using Commercial Direct’s Lite Doc Program.
- Closed in less than 30 days.