Loan amount
$350,000
Loan type
As-Is Property Value
$800,000
LTV
44%
{LTV}
Property type
Single family home
Borrower Details
Credit score
680
Deal experience
40 deals
This loan scenario was submitted by a Broker
Property Details
State
Louisiana
Loan Details
Additional Loan Information
Looking for line of credit on rental properties. Have about $700K+ in equity. I currently own 5 and 2 flips on the market. All properties worth a combined estimated $1.9M with about $1.07M owed. Rental income $11,975/month. Properties located throughout Louisiana. Flexible on loan duration.
Property values: Bolinger $235K, Anita St $128K, Meriwether $150, Belden $210K, Lake Point $800K, Forest Heights $265K, Sophie St $155K
Amount owed: Bolinger $130K, Anita St $78K, Meriwether $100K, Belden $197K, Lake Point $325K, Forest Heights $140K, Sophie $100K
Rental income: Bolinger $1525, Anita $1150, Belden $1600, Lake Point $3500 (under rehab currently) Forest Heights ($1,800 on the market for sale) Sophie ($1,200 on the market for sale) Meriwether $1200
Property values: Bolinger $235K, Anita St $128K, Meriwether $150, Belden $210K, Lake Point $800K, Forest Heights $265K, Sophie St $155K
Amount owed: Bolinger $130K, Anita St $78K, Meriwether $100K, Belden $197K, Lake Point $325K, Forest Heights $140K, Sophie $100K
Rental income: Bolinger $1525, Anita $1150, Belden $1600, Lake Point $3500 (under rehab currently) Forest Heights ($1,800 on the market for sale) Sophie ($1,200 on the market for sale) Meriwether $1200
Status
Closed
Created
February 21, 2020 - 9:29am
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