Borrower Profile: Borrower and family member own several investment properties for a buy and hold strategy
Loan Amount: $474,500
Property Info: Property is located in Oakland, CA. The property is 2 bed, 2 bath 2,100 sq.ft. The home is currently being rented out for $1,695.
Loan Purpose: The property was a cash-out refinance to purchase another investment property.
Term: 12 months with no prepayment penalty