Loan amount
$260,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$375,000
LTV
69%
{LTV}
Property type
Restaurant/Entertainment
Borrower Details
Credit score
620
Deal experience
2 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Detroit
State
Michigan
Loan Details
Current mortgage balance
$0
How much cash-out are you looking for?
$260,000
Additional Loan Information
Stand alone restaurant. Bought in 2018. Income producing. Looking for cashout 70% LTV. Lower LTV is acceptable. Cash needed to open a operate a new location.
Status
Open
Created
November 17, 2022 - 8:09pm
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