Loan amount
$50,000
Loan type
Refinance {Cash-Out}
As-Is Property Value
$280,000
LTV
18% {LTV}
Property type
Vacant Land
Borrower Details
Credit score
670
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Rowlett
State
Texas
Loan Details
Current mortgage balance
$0
How much cash-out are you looking for?
$50,000
Additional Loan Information
The property, free and clear, is zoned commercial, the Lakeview Business District, it has water and electrical connections; and, importantly, is a future development prospect. Currently, Jackson-Shaw and Compatriot Capital are major developers immediately north of this property.
The money will be used as capital for the creation of a YouTube video series, a Substack subscription service, and pay off credit card and other debt.
Status
Created
February 9, 2024 - 11:33pm

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