Loan amount
$600,000
Loan type
Refinance {Rent&Hold}
As-Is Property Value
$950,000
LTV
63% {LTV}
Property type
Mobile Home Park
Borrower Details
Credit score
650
Deal experience
4 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Longview
State
Washington
Loan Details
Current mortgage balance
$600,000
Additional Loan Information
I have a newly constructed 11 space RV park in Longview WA. The spaces Rent for $700 a month and all spaces are full with a waiting list. I have taken multiple small loans in order to build the park that I need to refinance into a more manageable loan otherwise I will need to sell.
Status
Created
February 23, 2021 - 7:46pm

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