Loan amount
$410,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$600,000
LTV
68%
{LTV}
Property type
Retail/Strip Mall
Borrower Details
Credit score
745
Deal experience
7 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Melbourne
State
New Jersey
Loan Details
Current mortgage balance
$0
How much cash-out are you looking for?
$410,000
Additional Loan Information
Building is in-between. lessors.
New 3-year lease will be signed May 1st for 5k a month.
New renters will add 150k of work to building to suit their needs.
My client’s FICO score is 745.
ARV $600k
Currently owe $0.
Looking for a loan of $410k to buy out partner.
Net worth 7.9 MM
New 3-year lease will be signed May 1st for 5k a month.
New renters will add 150k of work to building to suit their needs.
My client’s FICO score is 745.
ARV $600k
Currently owe $0.
Looking for a loan of $410k to buy out partner.
Net worth 7.9 MM
Status
Open
Created
April 4, 2023 - 9:02am
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