Loan amount
$3,900,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$7,400,000
LTV
53%
{LTV}
Property type
Single Family
Borrower Details
Credit score
701
Deal experience
9 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Beverly Hills
State
California
Loan Details
Current mortgage balance
$3,400,000
How much cash-out are you looking for?
$500,000
Additional Loan Information
Borrower is paying off 1st TD of $1.4, paying off partners for $1.7. Remaining cash is for interest reserve and the rest will be for borrowers other projects and fees. Property was fully rehabbed in 2022. We have a current appraisal through an AMC for $7.4mm
Status
Open
Created
January 30, 2023 - 1:53pm
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