Loan amount
$1,632,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$2,400,000
LTV
68%
{LTV}
Property type
Single Family
Borrower Details
Credit score
550
Deal experience
5 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Heath
State
Texas
Loan Details
Current mortgage balance
$1,411,868
How much cash-out are you looking for?
$220,132
Additional Loan Information
Hello...Can you do a cash-out for me...
I have a client looking for a cashout loan on his Investment property...The borrower rents the home out to some Band performer, he does a lot of venues. The Borrower is needing cash for his Car dealership to grow the business. He decided to put the home on the market, but he doesn't want to sell it. He prefers to keep it and continue leasing it out. The Borrower is a Car dealership owner looking to expand his business. Let me know what you think... I have a lot of docs on this guy, so let me know what you need if you can do it.. Let me tell you now his credit score are not 660 nor 620.. but more like in the 500's
I have a client looking for a cashout loan on his Investment property...The borrower rents the home out to some Band performer, he does a lot of venues. The Borrower is needing cash for his Car dealership to grow the business. He decided to put the home on the market, but he doesn't want to sell it. He prefers to keep it and continue leasing it out. The Borrower is a Car dealership owner looking to expand his business. Let me know what you think... I have a lot of docs on this guy, so let me know what you need if you can do it.. Let me tell you now his credit score are not 660 nor 620.. but more like in the 500's
Status
Open
Created
June 21, 2023 - 4:23pm
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