Loan amount
$834,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$2,100,000
LTV
40%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
600
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Whitesboro
State
Texas
Loan Details
Current mortgage balance
$734,000
How much cash-out are you looking for?
$100,000
Additional Loan Information
We are looking for a cash out refi to finish out a subdivision of seven 6 acre lots. We have already completed the survey and topography. The capital needed is to complete engineering plan per the county's requirements as well as a soil testing and grading plan. They have given us a 4-6 month timeline for completion of final plat approval.
Status
Open
Created
August 11, 2023 - 4:01pm
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