Loan amount
$3,000,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$5,500,000
LTV
55%
{LTV}
Property type
Vacant Land
Borrower Details
Credit score
720
Deal experience
4 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Incline Village
State
Nevada
Loan Details
Current mortgage balance
$2,700,000
How much cash-out are you looking for?
$300,000
Additional Loan Information
We have vacant land on Lake Tahoe. We are working with a civil engineering firm to widen the road for access to the property. We would like to prepay the payments with equity while we continue to work to get the land buildable with a permit from Washoe County and NDOT approved plans.
Status
Open
Created
February 7, 2023 - 3:41pm
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