Loan amount
$1,599,000
Loan type
Refinance
{No Cash-Out}
As-Is Property Value
$2,800,000
LTV
57%
{LTV}
Property type
Single Family
Borrower Details
Credit score
650
Deal experience
3 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
El Dorado Hills
State
California
Loan Details
Current mortgage balance
$1,599,000
Additional Loan Information
$2.8M as is appraisal received 2/14/24. NOO SFR purchased as Fix and Flip in June 2023. Borrowers have invested $800K cash into the project between down payment and rehab. Extremely high end custom home with Panoramic view. Borrowers would like fast, equity based 1st loan that covers existing maturing private 1st loan. Escrow opened with Old Republic Title. Insurance in place. Borrowers open to in 1 year note or ideally a longer term rental note. This is NOO. Thank you for your interest.
Status
Closed
Created
March 1, 2024 - 12:07pm
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