San Rafael, CA
Borrower Profile: Repeat customers of ours purchasing another investment property
Loan Amount: $615,195
Property Info: This 3 bd. 2 bath 1,942 sq. ft. home was purchased in need of repairs
Loan Purpose: Loan was to purchase this run-down home and renovate to rent out to prospective tenants. CALCAP also cash-out refinanced another of the borrower’s property to use towards the down-payment of this one.
Term: 12 months with no pre-payment penalty