Loan amount
$250,000
Loan type
As-Is Property Value
$500,000
LTV
50%
{LTV}
Property type
Commercial / Retail
Borrower Details
Credit score
645
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Indiana
Loan Details
Additional Loan Information
I own property free and clear. I'm looking to do a stated income cash out refinance. The building is a retail fireworks store for 27 yrs which we own and operate. I bought the property 5 years ago for $400K. I'm looking to cash out for property improvements and investment. Loan term minimum 3 years. Property located in Gary, Indiana in Lake County.
Status
Closed
Created
April 24, 2020 - 12:42pm
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