Loan amount
$1,200,000
Loan type
Refinance
{No Cash-Out}
As-Is Property Value
$2,000,000
LTV
60%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
600
Deal experience
7 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Brockton
State
Massachusetts
Loan Details
Current mortgage balance
$1,200,000
Additional Loan Information
May client purchased a rooming facility in March 2022. He wants to refinance out of his hard money loan. 34 Rooms, a 2 BR, 1 BR, and a studio apt totaling 37 units. Again this is a rooming house. Financials are available.
Status
Open
Created
January 17, 2023 - 2:32pm
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