Loan amount
$800,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$2,541,500
LTV
31%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
690
Deal experience
9 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Daytona Beach
State
Florida
Loan Details
Current mortgage balance
$0
How much cash-out are you looking for?
$800,000
Additional Loan Information
Mixed Use Retail Residential, Eleven Residential Units, Monthly Income $18,700, Annual Income $224,400, NOI: $180,449, 6219 square feet, Current Vacancy Rate 11.7%, Client put $750,000 into project, want to pull cash back out based on $2,541,500 ARV.
Status
Open
Created
February 24, 2024 - 10:57pm
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