Fort Myers, FL – Cash Out Refinance

Address: Fort Myers, FL 33901
ARV: $339,000 (As-is)
Loan Amount: $150,000
Loan Structure: 12 Months Interest Only
Interest Rate: 12%
LTV 55%
Borrower Profile: Investor
Loan Purpose: Cash Out
July 18, 2023

The borrower purchased this three bed and 2 bath investment property on and intends to rent it out for investment purposes. However, dueto a shortage of business capital, they decided to withdraw some funds to invest in their existing business

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