Loan amount
$280,000
Loan type
As-Is Property Value
$425,000
LTV
66%
{LTV}
Property type
Commercial / Event center
Borrower Details
Credit score
751
Deal experience
7 deals
This loan scenario was submitted by a Broker
Property Details
State
Ohio
Loan Details
Additional Loan Information
Property already owned. Cash-out refinance which includes renovation costs. Property was formerly a church with annex. After completion value appraisal estimate of $425K. Currently owe $225K. Renovation budget $50K. Work will take 6 months. Property located in Pleasantville, Ohio. Prefer 30 year term but am flexible.
Status
Closed
Created
April 15, 2020 - 9:35am
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