Loan amount
$2,500,000
Loan type
Refinance {Cash-Out}
As-Is Property Value
$5,700,000
LTV
44% {LTV}
Property type
Vacant Land
Borrower Details
Credit score
700
Deal experience
6 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Lebec
State
California
Loan Details
Current mortgage balance
$780,000
How much cash-out are you looking for?
$1,720,000
Additional Loan Information
The subject property is located in a prime location in Gorman, CA. The project consists of building townhouses, single-family residences, and hotels. The cash out to be used to cover the soft costs to get an entitlement for the project.
Status
Created
January 26, 2023 - 5:22pm

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