Loan amount
$487,000
Loan type
Refinance {Cash-Out}
As-Is Property Value
$750,000
LTV
65% {LTV}
Property type
Other Commercial
Borrower Details
Credit score
590
Deal experience
13 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Oklahoma City
State
Oklahoma
Loan Details
Current mortgage balance
$420,000
How much cash-out are you looking for?
$67,000
Additional Loan Information
We have a boat, rv, trailer, & commercial equipment storage unit. It’s 237 total units (combined indoor and outdoor parking). We are looking to Refinance the first mortgage and get 125,000 cash out of the equity or a Second lien or bridge for 125,000
Current rent roll $9200 per month
Mortgage balance on the first is 420,000
Status
Created
April 12, 2024 - 2:21pm

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