Loan amount
$55,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$145,000
LTV
38%
{LTV}
Property type
Vacant Land
Borrower Details
Credit score
650
Deal experience
3 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Perris
State
California
Loan Details
Current mortgage balance
$0
How much cash-out are you looking for?
$55,000
Additional Loan Information
My client has a 10 acre parcel of land in Perris, CA. Appraised (July2020) for $145,000-. owned free & clear.
Looking to pull 35-40% if possible. He’s using the cash for a business venture. We do have an appraisal. Thanks for your help! Greg
Looking to pull 35-40% if possible. He’s using the cash for a business venture. We do have an appraisal. Thanks for your help! Greg
Status
Open
Created
January 29, 2021 - 2:18pm
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