Loan amount
$1,650,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$2,000,000
LTV
83%
{LTV}
Property type
Single Family
Borrower Details
Credit score
750
Deal experience
5 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Payson
State
Arizona
Loan Details
Current mortgage balance
$1
How much cash-out are you looking for?
$1,649,999
Additional Loan Information
We own 2 single family homes debt free in Payson AZ. #1 is our personal home which is 4300 sq feet on a world class golf course. Just listed for $1,600,000. #2 home is a rental and is in escrow to close 10/31 for $300,000. We are attempting to purchase (in escrow) a golf course home for 1,650,000. We need a bridge loan for $1,650,000 to close by Sept 27.
Status
Open
Created
September 11, 2021 - 12:42pm
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