$780,000 SFR Cash-Out Refinance Bridge Loan

Cash-Out Refinance on Lawton, OK Single-Family Residence:
Easy Street Capital recently provided a loan for a Cash-Out Refinance on a single-family residence in Lawton, OK. The loan amount of $176,250 was secured at a competitive rate of 9.500%. The purpose of this transaction was to access equity in the rental property, allowing the industry professionals, who boast many years of experience in remodeling homes, to cash out on their Single-Family Residence after completing extensive renovations. With a Loan-to-Value (LTV) of 75.0%, the borrowers are using the proceeds from the DSCR mortgage loan not only to refinance existing debt but also for rehab on their other investment properties. This demonstrates their commitment to furthering their real estate investments in the dynamic Lawton market. Easy Street Capital is pleased to support these experienced investors in their strategic financial moves.