$360,000 – 4 Homes and 1 Rehab Loan

A long time Mortgage Equities borrower inquired about an acquisition and rehab loan for two properties in Roy and Tacoma WA. Both homes would be a “fix and flip” project with a garage addition to the Roy home and cosmetic repairs needed on the inside of each home.

The borrower decided to pledge two free and clear rental properties allowing Mortgage Equities to provide 100% financing at a sub 9% rate for both projects. The rental homes are located in Roy and have good tenants paying fair market rent.

 

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