Loan amount
$270,000
Loan type
Refinance
{No Cash-Out}
As-Is Property Value
$580,000
LTV
47%
{LTV}
Property type
Vacant Land
Borrower Details
Credit score
750
Deal experience
10 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Homedale
State
Idaho
Loan Details
Current mortgage balance
$270,000
Additional Loan Information
My Client purchased this property 12 months ago with a short term private loan. The note is coming due and he'd like to refinance as quickly as possible into a short term loan, at a lower interest rate, until he can complete the closing of an SBA 7a Loan which will take longer than he has to payoff the note (30-90 days).
Status
Open
Created
April 6, 2022 - 10:49pm
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