Loan amount
$400,000
Loan type
As-Is Property Value
$1,000,000
LTV
40% {LTV}
Property type
Single Family
Borrower Details
Credit score
825
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Florida
Loan Details
Additional Loan Information
I need a bridge-type loan until my house closes escrow in California. Will be putting down approx. $600,000 in cash, and would need between $250,000 - $500,000 to buy the home in Florida. I am not flipping the property. It will be my primary home in retirement. My home in Monrovia, CA. will sell for $875,000, and I will net a profit of $700,000. This would be my collateral for the loan.
Status
Created
August 14, 2019 - 5:31pm

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