Loan amount
$9,500,000
Loan type
Refinance {No Cash-Out}
As-Is Property Value
$16,000,000
LTV
59% {LTV}
Property type
Single Family
Borrower Details
Credit score
696
Deal experience
10 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Beverly Hills
State
California
Loan Details
Current mortgage balance
$9,500,000
Additional Loan Information
Borrower needs a bailout loan. Needs to pay off a 1st and 2nd TD. Borrower was in hospital and ended up with an extended stay. Property went into default and now needs to pay them both off. Borrower recently spent $800k to renovate the property into it's current condition. Paid $10.25mm in 2020 for the property. Exit is to stabilize the property and sell the property.
Status
Created
February 20, 2023 - 4:42pm

Hard Money Lenders Now Offering Real Estate Investor Loans in California Los Angeles | San Diego | San Jose | San Francisco | Fresno | Sacramento Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans