Loan amount
$1,250,000
Loan type
Refinance
{Fix&Rent}
After Repair Value
$2,200,000
ARV
57%
{ARV}
Property type
Other Commercial
Borrower Details
Credit score
650
Deal experience
3 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Newark
State
New Jersey
Loan Details
Current mortgage balance
$750,000
Cost of improvements
$500,000
Estimated property value after repairs
$2,200,000
Additional Loan Information
Mixed use: 4 retail, 2 office, 10 apartments
Status
Open
Created
February 3, 2021 - 9:00pm
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