Loan amount
$470,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$609,000
LTV
77%
{LTV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
765
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Post Falls
State
Idaho
Loan Details
Current mortgage balance
$275,000
How much cash-out are you looking for?
$195,000
Additional Loan Information
Found my dream property & sound investment after three years of scouting this area.
I’d like to use my apt complex equity to secure a small home loan of 200k. Plan to live in & rent out next place too. Been doing this for 4+yrs already. Plus decades of flipping experience.
Just made $300,000 in 3+yrs. Incredible growth in this area at the moment!
Apartment complex current value 609k, owe 275k, bought in 2017, $4800 month gross rents, netting $1600 profit, $1900 in June.
I never missed a payment in 30 years of owning various properties.... thru 2008 & Covid. I’m a safe and sound solid investment. Thank you so kindly for your time and consideration hope to hear from you soon.
I’d like to use my apt complex equity to secure a small home loan of 200k. Plan to live in & rent out next place too. Been doing this for 4+yrs already. Plus decades of flipping experience.
Just made $300,000 in 3+yrs. Incredible growth in this area at the moment!
Apartment complex current value 609k, owe 275k, bought in 2017, $4800 month gross rents, netting $1600 profit, $1900 in June.
I never missed a payment in 30 years of owning various properties.... thru 2008 & Covid. I’m a safe and sound solid investment. Thank you so kindly for your time and consideration hope to hear from you soon.
Status
Open
Created
April 20, 2021 - 11:56am
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