Loan amount
$250,000
Loan type
As-Is Property Value
$1,020,000
LTV
25%
{LTV}
Property type
Multi-family
Borrower Details
Credit score
650
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
New York
Loan Details
Additional Loan Information
Looking for a home equity loan to perform renovations in my two-family house. The property was inherited and has no mortgages or loans against it. Owner-occupied. Appraisal was done a few weeks ago at $1.02M. Located in Ridgewood, Queens. Renovations should take 6 months and bring the ARV to $1.3-1.4M.
Status
Closed
Created
October 18, 2019 - 8:46am
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