Loan amount
$50,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$120,000
LTV
42%
{LTV}
Property type
Single Family
Borrower Details
Credit score
620
Deal experience
4 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Westfield
State
Illinois
Loan Details
Current mortgage balance
$0
How much cash-out are you looking for?
$50,000
Additional Loan Information
Looking to pull some money out of one of our owned outright properties. It's paid off, owned free and clear. I've done several buy, rehab, sell deals to completion in the past 5 years. Taxes are up to date, no liens, property pictures upon request. 2500 SQ ft on 1.6 acres.
Broker valued, $175k. I'm giving a conservative $125k. Has had major upgrades and partial remodel this year.
Broker valued, $175k. I'm giving a conservative $125k. Has had major upgrades and partial remodel this year.
Status
Open
Created
February 26, 2024 - 4:23pm
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