Loan amount
$380,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$800,000
LTV
48%
{LTV}
Property type
Motel
Borrower Details
Credit score
704
Deal experience
2 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
MULLINS
State
South Carolina
Loan Details
Current mortgage balance
$280,000
How much cash-out are you looking for?
$100,000
Additional Loan Information
PAYOFF CURRENT MORTGAGE WITH SANDHILLS BANK IN N MYRTLE BEACH, SC, 50 UNIT MOTEL, DESIRE TO MAKE IMPROVEMENTS TO SUBJECT PROPERTY, AESTHETIC IMPROVEMENTS.
Status
Open
Created
June 29, 2021 - 7:15pm
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