Loan amount
$3,000,000
Loan type
As-Is Property Value
$9,100,000
LTV
33%
{LTV}
Property type
Single family home
Borrower Details
Credit score
780
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
Hawaii
Loan Details
Additional Loan Information
We have a $3 million SFR non QM loan that just fell out with Sprout because their investor for the larger loan amounts pulled out of this market. It is stated income, investor, about 33% LTV. Appraised value is $9.1 million with 2 recent appraisals. Borrower's cash on hand is about $350,000. I don’t have all the details, as this just happened with one of my loan officers. Property is on Kauai. I am a broker representing my client.
Status
Closed
Created
April 18, 2020 - 9:37am
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