Summary: BluePoint arranged the cash out refinance of 60-unit park in Centralia, WA. The loan met the borrower’s primary objectives in providing the maximum cash out with a 76% LTV; having a 30 year amortization; and having no prepayment penalty.
Loan Amount: $2,275,000
Property: 60-unit MHC with 56 double-wides
Location: Centralia, WA
Purpose: Refinance with Cash Out
Rate: 4.00% Fixed for 5 Years
Amortization: 30 Years
Prepay: No Prepay Penalty