A long-time mortgage broker brought us a deal for a borrower looking to pull cash out of a Free and Clear investment property in Mission Bay, San Diego. The property was used for short term rentals. The borrower wanted to pull the cash out for tenant improvements on the property to increase rental rates. She also used some of the funds for upgrades on another rental property she owned. We were able to close this transaction within 7 days with no appraisal.
