Loan amount
$6,600,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$6,600,000
LTV
100%
{LTV}
Property type
Single Family
Borrower Details
Credit score
750
Deal experience
15 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Phoenix
State
Arizona
Loan Details
Current mortgage balance
$1,600,000
How much cash-out are you looking for?
$5,000,000
Additional Loan Information
I have a high net worth individual that started private money lending a couple years back. He is looking for a secured business line of credit for 5 million. He wants to leverage his own REO portfolio do do that and he has various other assets. The reo is in Florida, Arizona, Tennessee, and Missouri
Status
Open
Created
January 12, 2024 - 2:15pm
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