Loan amount
$0
Loan type
As-Is Property Value
$450,000
LTV
0%
{LTV}
Property type
condo
Borrower Details
Credit score
620
Deal experience
9 deals
This loan scenario was submitted by a Broker
Property Details
State
Florida
Loan Details
Additional Loan Information
1. 1194 SF
2. As-is value $485,000.
3. Current payoff: $315,000
4. monthly rental income: $3500. currently rented.
5. credit score 620.
6. Taxes: $5332.
7. Insurance: $2400.
8. Experience- own 4 investment properties, and have done 5 fix and flips or buy and holds in the past 24 months. -
10. Term : 24 months
11. broker points = 2.
12. $30k cash out to be used to convert from 1 to 2 BR to meet market demand and increase income.
13. Borrower had a deed in lieu in 2019 and foreclosures in 2008 etc.
2. As-is value $485,000.
3. Current payoff: $315,000
4. monthly rental income: $3500. currently rented.
5. credit score 620.
6. Taxes: $5332.
7. Insurance: $2400.
8. Experience- own 4 investment properties, and have done 5 fix and flips or buy and holds in the past 24 months. -
10. Term : 24 months
11. broker points = 2.
12. $30k cash out to be used to convert from 1 to 2 BR to meet market demand and increase income.
13. Borrower had a deed in lieu in 2019 and foreclosures in 2008 etc.
Status
Closed
Created
November 2, 2020 - 1:23pm
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