Cash-Out Refinance - Redford, MI

Location: Redford, MI.
Borrower Profile: Repeat Client.
Work Description: Cash-Out Refinance.
Purchase Price: Client already owned the property.
Loan Amount: $90,000.
Loan Structure: 6 Months, Principal and Interest Payments.
Situation: We had the opportunity to work with this client that we had already done some business with. They are experienced in real estate investing and needed to pull some cash out of this property to finish a couple of projects.