Loan amount
$165,500
Loan type
Refinance {Cash-Out}
As-Is Property Value
$550,000
LTV
30% {LTV}
Property type
Gas/Convenient Station
Borrower Details
Credit score
700
Deal experience
4 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Church Point
State
Louisiana
Loan Details
Current mortgage balance
$1
How much cash-out are you looking for?
$165,000
Additional Loan Information
I own a gas station with a convenient store. Property is paid off, worth about $550k. Behind the store there is another property I also own, a single family home that rents for $600 per month. That property is also paid off. I can put both properties up for collateral, I am looking to borrow $60k-150k. I can do principal and interest payments, and looking to pay loan back in a quick short period of time.
Status
Created
December 6, 2022 - 6:05am

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