Loan amount
$75,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$125,000
LTV
60%
{LTV}
Property type
Single Family
Borrower Details
Credit score
550
Deal experience
5 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Nanticoke
State
Pennsylvania
Loan Details
Current mortgage balance
$0
How much cash-out are you looking for?
$75,000
Additional Loan Information
$75k needed for acquisition of mobile storage units (50) to be placed on commercial portion of refi property. Selling off owned heavy equipment $175k in near future and using funds from that sale as exit from short term loan. Interested in them using the property as collateral for future real estate investments.
Status
Closed
Created
May 24, 2023 - 9:48pm
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