Loan amount
$120,000
Loan type
As-Is Property Value
$280,000
LTV
43%
{LTV}
Property type
Single family home
Borrower Details
Credit score
686
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
Ohio
Loan Details
Additional Loan Information
Owned SFR remodeled and ready for resale with balloon due Sep 1. Two traditional refis are pending, neither will close in time due to COVID and low rate appraisal backlog of 4-8 weeks. Need short-term bridge. $120K is the total amount owed. Property located in Clairsville, OH. Currently vacant.
Status
Closed
Created
August 10, 2020 - 8:49am
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