Loan amount
$33,000,000
Loan type
Refinance
{No Cash-Out}
As-Is Property Value
$60,000,000
LTV
55%
{LTV}
Property type
Single Family
Borrower Details
Credit score
750
Deal experience
1 deal
This loan scenario was submitted by a Broker
Yes
Property Details
City
Montauk
State
New York
Loan Details
Current mortgage balance
$33,000,000
Additional Loan Information
This is a single family home in Montauk on 37 acres ocean front property,
My client is in default on his mortgage, he is looking for a bridge loan to give him time to
either sell the property as is or develop the property
Thank you
My client is in default on his mortgage, he is looking for a bridge loan to give him time to
either sell the property as is or develop the property
Thank you
Status
Open
Created
June 15, 2021 - 10:25am
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