Loan amount
$1,230,000
Loan type
Refinance
{No Cash-Out}
As-Is Property Value
$1,602,000
LTV
77%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
564
Deal experience
20 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Mission
State
Florida
Loan Details
Current mortgage balance
$1,230,000
Additional Loan Information
This home is in BC, CANADA - This project is a Farm property worth 1.602M which was appraised in December. It is a working farm with a mobile home on 17 acres of land. The farm is a blueberry farm. Clients need to pay out their current existing private lenders as they want to take the money out to put their investments in something else so have threatened foreclosure because of this. They are looking at a minimum of 70-80% LTV needed.
Status
Open
Created
March 9, 2021 - 12:01pm
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