Loan amount
$2,700,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$4,500,000
LTV
60%
{LTV}
Property type
Industrial/Warehouse
Borrower Details
Credit score
740
Deal experience
50 deals
This loan scenario was submitted by a Broker
No
Property Details
City
San Antonio
State
Texas
Loan Details
Current mortgage balance
$1,200,000
How much cash-out are you looking for?
$1,500,000
Additional Loan Information
Property worth $4.5M with 1st lien of $1.2M. Looking for a $1.5M second lien unless lender wants to take out first lienholder. Borrower has excellent credit and strong liquidity position but has additional need for cash now.
Status
Open
Created
December 9, 2020 - 10:30pm
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