Loan amount
$308,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$889,000
LTV
35%
{LTV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
754
Deal experience
6 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Post Falls
State
Idaho
Loan Details
Current mortgage balance
$219,000
How much cash-out are you looking for?
$89,000
Additional Loan Information
This is a 5 acre property that has 4 rental units and a subdivision plan waiting for approval. The property is in a very desirable area and if subdivision is approved it will be 12 lots and 4 rentals. The intention is to sale the current rentals and build on the lots. If the lots are not approved then 2 of the rentals will get sold and the other2 kept for rental investments
Status
Open
Created
March 5, 2021 - 4:46pm
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