Loan amount
$360,000
Loan type
As-Is Property Value
$835,000
LTV
44%
{LTV}
Property type
Mixed use
Borrower Details
Credit score
710
Deal experience
7 deals
This loan scenario was submitted by a Broker
Property Details
State
Illinois
Loan Details
Additional Loan Information
Mixed use 10-unit property; 8 residential, 2 comm units. Refi cashout. Looking for 60-65% LTV. Cash out to payoff first ($233K) and make some capital improvements to property. Current AS-IS $600K. ARV $835K. Looking for short term hard money loan; 12 months or less. Property located in Chicago, IL. Monthly rental income $8,064. I am a broker representing my client.
Status
Closed
Created
August 5, 2020 - 2:30pm
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