Loan amount
$90,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$180,000
LTV
50%
{LTV}
Property type
Vacant Land
Borrower Details
Credit score
730
Deal experience
4 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Highmount, NY (5 Mins From Ski Resort)
State
New York
Loan Details
Current mortgage balance
$0
How much cash-out are you looking for?
$90,000
Additional Loan Information
I am seeking a cash-out refi on 8 acres of land that I own adjacent to the best ski resort close to NYC. It is zone to allow for construction of 6 homes and up to 24,000 sq in total. The exit will be via conventional financing in 3-12 months.
I have a deep real estate background, including several years experience as a real estate lawyer.
I am a technology professional with good solid income ($500,000+ yr), which can be verified / documented.
I have decent credit (680 to 730s, with no derogatories).
I have recent appraisal to support the $180,000 conservative value, with good recent comps. I have also ordered all the title searches, so should be ready to close quickly on any serious offers.
I have a deep real estate background, including several years experience as a real estate lawyer.
I am a technology professional with good solid income ($500,000+ yr), which can be verified / documented.
I have decent credit (680 to 730s, with no derogatories).
I have recent appraisal to support the $180,000 conservative value, with good recent comps. I have also ordered all the title searches, so should be ready to close quickly on any serious offers.
Status
Open
Created
September 10, 2023 - 5:18pm
Hard Money Lenders Now Offering Real Estate Investor Loans in New York Buffalo | Rochester | Yonkers | Syracuse | Albany | Spring Valley Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans