Loan amount
$1,599,000
Loan type
Refinance
{No Cash-Out}
As-Is Property Value
$2,800,000
LTV
57%
{LTV}
Property type
Single Family
Borrower Details
Credit score
600
Deal experience
3 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
El Dorado Hills
State
California
Loan Details
Current mortgage balance
$1,599,000
Additional Loan Information
Rate and Term refinance of existing maturing private 1st. NOO SFR. Experienced rehabbers with exit plan set for June 2024. Need to place new 1st in place prior to marketing for sale. Actual cash invested of $800K in the project. Escrow opened with Old Republic Title. Looking to doc, fund, and close by Friday April 19th. $2.8M appraisal in hand from Feb 2024.
Status
Open
Created
April 14, 2024 - 11:24am
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