Loan amount
$988,000
Loan type
Refinance
{Construction}
After Repair Value
$1,000,000
ARV
99%
{ARV}
Property type
Retail/Strip Mall
Borrower Details
Credit score
675
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Millinocket
State
Maine
Loan Details
Current mortgage balance
$788,000
Cost of improvements
$200,000
Estimated property value after repairs
$1,000,000
Additional Loan Information
We are in the middle of renovating and expanding our building and we need additional capitol of $200,00 0 to finish the project. The contractor ran into issues and under estimated the total cost
Status
Open
Created
March 4, 2024 - 12:30pm
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