Using the equity in your apartment It may be possible to arrange a cash out equity trust deed loan provided by one of our private investor clients who seek a fair interest and return of their investment. None of our clients are interested in taking back your property.

The loan terms will depend on the quality, condition and location of your apartment property, the rent roll, last year and current operating figures, and the terms of your first mortgage. On receipt we will set an appointment to photograph the property and meet with you and can pick up the forms at that time.

Loan costs are not paid upfront, but will come from the loan proceeds, with the exception of the appraisal and credit report. Often we can do an office appraisal using comparable properties. Generally they include a title policy ($150 to $450), escrow ($300 to $400), appraisal ($150 to $3,500), wire and recording fees ($50), processing ($500) and our commission (2% to 5% of the loan amount).

Before you are obligated, a DRE Good Faith Estimate detailing these costs will be provided to you.

Funding can usually be accomplished 2 weeks after we receive the last of the required documents listed below (recent copies from your records may be used):

• Rent roll with tenant names

• Application (our form provided)

• Last year and year to date operating figures

• Recent title policy (from your purchase or last refinance file)

• Payment form for existing loans

• Fire or casualty insurance, declaration page only

• Appraisal (independent and ordered by our staff)

• Credit report.

Please call 877-299-5760 toll free, to describe your situation and consider your options. We will appreciate the opportunity to provide financing for you.

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