Cash-Out Refinance - Harrisburg, IL

Location: Harrisburg, IL
Borrower Profile: New Client.
Work Description: Cash-Out Refinance
Purchase Price: Client already owned the property.
Loan Amount: $45,000.00
Loan Structure: 3 Months, Interest Only Payments.
Situation: Our borrower had this property listed for sale, but needed some capital in the meantime. We were able to order title, inspect the property, and close in under two weeks.