Loan amount
$135,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$207,000
LTV
65%
{LTV}
Property type
Restaurant/Entertainment
Borrower Details
Credit score
655
Deal experience
None
This loan scenario was submitted by a Broker
Yes
Property Details
City
New Orleans
State
Louisiana
Loan Details
Current mortgage balance
$0
How much cash-out are you looking for?
$135,000
Additional Loan Information
The client owns a small restaurant in New Orleans that is primarily a cash business. It has allowed her to pay off the mortgage for the restaurant and her home. She is looking to renovate the restaurant to increase the business.
Status
Open
Created
April 2, 2021 - 9:23pm
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