Loan amount
$1,037,000
Loan type
As-Is Property Value
$1,383,000
LTV
75%
{LTV}
Property type
Single family home (2)
Borrower Details
Credit score
460
Deal experience
25 deals
This loan scenario was submitted by a Broker
Property Details
State
Washington
Loan Details
Additional Loan Information
Cash-out refinance on two homes in Yakima County, WA. First property is worth $425K, loan balance $252K, owner-occupied, planning to sell. Second property is worth $950K, owe $506K, vacant, planning to sell. Loan to cover closing costs title transfer to business name and down payment for investment property and 6 months payments insurance and tax. Investment property is asking $424K; 2 Acres with rental house can be subdivided into 12 building lots each having a market value of $65,000 once divided with utility improvement the value of the project.
Status
Closed
Created
June 11, 2020 - 9:28am
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