Loan amount
$2,500,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$6,770,000
LTV
37%
{LTV}
Property type
Single Family
Borrower Details
Credit score
700
Deal experience
3 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Angwin
State
California
Loan Details
Current mortgage balance
$2,000,000
How much cash-out are you looking for?
$500,000
Additional Loan Information
NTS Bailout, great opportunity for sub 50% LTV 1st to be placed on property to allow borrower to take out maturing 1st, settle with junior lienholders, and complete renovations. $8.3M ARV appraisal. Must be asset based loan, escrow opened with Old Republic Title. No doc, purely asset based 1st loan only. Home is 12K Sq ft, built in 2010, on 7.5 acres in Napa Valley.
Status
Open
Created
April 14, 2024 - 11:11am
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