Loan amount
$700,000
Loan type
As-Is Property Value
$1,200,000
LTV
59%
{LTV}
Property type
Single family home
Borrower Details
Credit score
615
Deal experience
10 deals
This loan scenario was submitted by a Broker
Property Details
State
Massachusetts
Loan Details
Additional Loan Information
In need of a bridge loan. We either need to come up with the down payment of $75K to buy the new house while we wait for our existing home to sell, or $700K for the full purchase price. Existing home is listed at $950K. Mortgage balance of $450K. In contract to purchase the new home. Owner-occupied. Existing property located in Duxbury, MA. New property located in Dedham, MA. Owner-occupied.
Status
Closed
Created
February 24, 2020 - 8:29am
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