Loan amount
$315,000
Loan type
Refinance {Cash-Out}
As-Is Property Value
$650,000
LTV
48% {LTV}
Property type
Other Commercial
Borrower Details
Credit score
500
Deal experience
5 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Green Cove Springs
State
Florida
Loan Details
Current mortgage balance
$135,000
How much cash-out are you looking for?
$180,000
Additional Loan Information
Mixed-use Commercial Property containing 3 Apartments and a commercial space, fully leased with verifiable Rental income of $8,500 Per Month, looking for a Hard Money short-term bridge loan at 50% LTV to pay off present mortgage and cash-out for repairs on other property, Refinance exit strategy
Status
Created
April 6, 2023 - 8:44pm

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