Loan amount
$71,000
Loan type
Refinance {Cash-Out}
As-Is Property Value
$120,000
LTV
59% {LTV}
Property type
Vacant Land
Borrower Details
Credit score
680
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Shirley
State
Arkansas
Loan Details
Current mortgage balance
$1,000
How much cash-out are you looking for?
$70,000
Additional Loan Information
This is 20acres with no mortage on it. It sits a few miles from a well a know resort and Greers Ferry. It is nestled in the woods with a creek with a view from the of a mountain. 5 acres developed already, will be a sawmill and small Ag farm for meat animals. Acres on the other side to be developed in to lots to be leased. I work 70 hours a week for the last 5 years in health care while my husband has built a off grid home and fixed and flipped in the last 36 months. Both sold over 1 year apart with 175,000 gain. In 2017 we sold a home he built and had a 100k gain
Status
Created
September 3, 2023 - 5:38pm

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