Pacific Private Money recently funded a $100,000, 41% LTV, cash-out refinance on this cute home in Manteca. The borrowers are repeat clients. The property is a 4 bedroom / 2 bath home leased at $1,200 per month, providing a 1.20 debt coverage ratio. The borrowers needed the funds for capital infusion for their auto business. Conventional Loans are typically not available for cash-out financing on rental property. Pacific Private Money specializes in quick, private solutions to your capital needs.
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