Loan amount
$3,150,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$4,260,000
LTV
74%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
652
Deal experience
10 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Hemet
State
California
Loan Details
Current mortgage balance
$1,800,000
How much cash-out are you looking for?
$1,350,000
Additional Loan Information
Blanket Or Separate loans
74% LTV or Best Offer
REFI Cash Out of Commercial Properties in Hemet, CA.
Commercial Property value - 3.15 M
(3) Lots Hemet, CA appraised value - 1,110,000
Total Appraised value - 4.26 M (Appraised in 10/23)
Outstanding Loan - 1.8M
FICO 652
Cash Out for upgrade of facility : For weddings, health & beauty spa.
Client has approximately $2M in a Canadian account (RBC)
74% LTV or Best Offer
REFI Cash Out of Commercial Properties in Hemet, CA.
Commercial Property value - 3.15 M
(3) Lots Hemet, CA appraised value - 1,110,000
Total Appraised value - 4.26 M (Appraised in 10/23)
Outstanding Loan - 1.8M
FICO 652
Cash Out for upgrade of facility : For weddings, health & beauty spa.
Client has approximately $2M in a Canadian account (RBC)
Status
Open
Created
November 28, 2023 - 4:05pm
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