$200,000 Renton Rental Home

Responding to a real estate agent’s request for a quick close with minimal documentation requirement, Mortgage Equities Inc. was able to fund a foreign national investor’s purchase of a rental home in Renton, WA.

The newly remodeled 2,000 sq ft house sits on a .25 acre lot, and is consists of 4 bedrooms, 2.5 baths and a spacious yard. The borrower had a 40% down payment and Mortgage Equities was able to provide him with a two year bridge loan.

With the help of a translator, Mortgage Equities was able to gather all of the necessary information and close the loan quickly.