Reverse Exchange in Palo Alto

A cash-out refinance to fund a reverse exchange was the focus of this deal. Borrower needed $2.81M cash out from two single family residences in leafy Palo Alto. One of the properties is a 7-unit multi-family SFR. The combined LTV is 50% for this 24 month loan. Purchase property is in Menlo Park.

 Palo Alto 7-unit SFR Refi

Palo Alto 7-unit SFR Refi

 Palo Alto SFR Refi as Part of Reverse Exchange

Palo Alto SFR Refi as Part of Reverse Exchange