Loan amount
$105,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$375,000
LTV
28%
{LTV}
Property type
Retail/Strip Mall
Borrower Details
Credit score
675
Deal experience
3 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Jefferson
State
North Carolina
Loan Details
Current mortgage balance
$55,000
How much cash-out are you looking for?
$50,000
Additional Loan Information
Borrower owns a commercial building in Jefferson NC which houses his restaurant has a very low interest rate mortgage with a balance of $55K and he's looking for a second mortgage of $50K short term 12 months
Status
Open
Created
December 6, 2023 - 3:17pm
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