Loan amount
$335,000
Loan type
As-Is Property Value
$700,000
LTV
48%
{LTV}
Property type
Single family home
Borrower Details
Credit score
630
Deal experience
6 deals
This loan scenario was submitted by a Broker
Property Details
State
Oregon
Loan Details
Additional Loan Information
New construction for sale on Oregon Coast in Neskowin. I have a loan coming due and can't sell for top value until more of development is complete in the neighborhood. I have a construction agreement to pay $165K at sale, and a $335K hard money loan that is expiring. I built the house as an investment property. I am going to sell it, listing again in June, taking off market for the next 5 months while the house next door is being completed. I want 2 years in case it doesn't sell. The Coast can take a while.
Status
Closed
Created
January 23, 2020 - 8:03am
Hard Money Lenders Now Offering Real Estate Investor Loans in Oregon Portland | Salem | Eugene | Gresham | Hillsboro | Bend Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans