Loan amount
$0
Loan type
Refinance {Cash-Out}
As-Is Property Value
$250,000
LTV
0% {LTV}
Property type
Other Commercial
Borrower Details
Credit score
700
Deal experience
1 deal
This loan scenario was submitted by a Broker
Yes
Property Details
State
North Carolina
Loan Details
Current mortgage balance
$0
Additional Loan Information
This is a free-standing Building borrower purchased in 2019 for $135,000 and invested an additional $50,000 to renovate the property, he also purchased the business that is a restaurant that sits 45 customers which has been established for 30 years prior to his purchase and he operates himself since purchase. Borrower is looking to cash out to use the Money to perform additional upgrading to the Building.
Status
Created
December 18, 2020 - 3:56pm

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