Cash-out Refinance

Flexible Prepayment 

Location: Roseville, Michigan
Loan Amount: $2,400,000
Term: 30-Year
Amortization: 5 Years I/O then 30-Year
Execution: Finance Company

• 30-year Term / 30-year Amortization
• 5 years Interest Only
• Flexible Prepayment (5%, 4%, 3%, 2%, 1%)
• 70% LTV
• 1.20x DSCR Underwriting
• Portion of units marketed on VRBO / MTM Leases