Loan amount
$50,000
Loan type
Refinance {Cash-Out}
As-Is Property Value
$250,000
LTV
20% {LTV}
Property type
Vacant Land
Borrower Details
Credit score
550
Deal experience
None
This loan scenario was submitted by a Broker
Yes
Property Details
City
Pahoa
State
Hawaii
Loan Details
Current mortgage balance
$0
How much cash-out are you looking for?
$50,000
Additional Loan Information
10 acre ocean front property in Hawaii.
Funds would be used to put a roadway on the lot which would provide ease of access for buyers and realtors to reach oceanfront views.
The property would be listed immediately. Timing of list price reductions could be built into the loan terms to ensure sale within term.
Open to interest reserves or other risk reduction requirements.
Status
Created
April 13, 2021 - 6:38pm

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