Loan amount
$1,075,000
Loan type
Refinance
{Construction}
After Repair Value
$1,650,000
ARV
65%
{ARV}
Property type
Other Commercial
Borrower Details
Credit score
693
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Manakin-Sabot
State
Virginia
Loan Details
Current mortgage balance
$850,000
Cost of improvements
$225,000
Estimated property value after repairs
$1,650,000
Additional Loan Information
I have a time-sesitive refinance and construction can be stage 2.
AS IS Value $1,300,000
Individual Loan Scenario #1: $735k or$960k
(lend to individual)
Loan Pay-Off $735,000 (56.5%ltv)
OR_____________________________________
w/construction $225,000
loan amount: $960,000 (60%ltv)
ACV $1,625,000
LLC Loan Scenario #2: $867k or $1,092,000
(lend to LLC)
Loan Pay-Off: $735,000
cash-out $132,000
loan amount $867,000 (67%ltv)
OR_____________________________________
w/construction $225,000
loan amount: $1,092,000 (67%ltv)
ACV $1,625,000
AS IS Value $1,300,000
Individual Loan Scenario #1: $735k or$960k
(lend to individual)
Loan Pay-Off $735,000 (56.5%ltv)
OR_____________________________________
w/construction $225,000
loan amount: $960,000 (60%ltv)
ACV $1,625,000
LLC Loan Scenario #2: $867k or $1,092,000
(lend to LLC)
Loan Pay-Off: $735,000
cash-out $132,000
loan amount $867,000 (67%ltv)
OR_____________________________________
w/construction $225,000
loan amount: $1,092,000 (67%ltv)
ACV $1,625,000
Status
Open
Created
November 27, 2021 - 6:19pm
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