Loan amount
$1,575,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$4,500,000 {PP:$1,625,000}
LTV
35% {LTV}
Property type
Single Family
Borrower Details
Credit score
663
Deal experience
None
This loan scenario was submitted by a Broker
Yes
Property Details
City
Encinitas
State
California
Loan Details
Purchase price
$1,625,000
Down payment
$50,000
Additional Loan Information
I have a client who is in a rent to own contract for many years. They are not on title. They have put a lot of work into this beach front property. The current value is 4.5 and the lease option is $1.6250. They don't have 20% to put down on the purchase. 660 FICO and great monthly income from a business note they started receiving recently.
Status
Created
May 2, 2024 - 5:26pm

Hard Money Lenders Now Offering Real Estate Investor Loans in California Los Angeles | San Diego | San Jose | San Francisco | Fresno | Sacramento Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans