Loan amount
$200,000
Loan type
Refinance
{Cash-Out}
Property value
$350,000
LTV
58%
{LTV}
Property type
Multi-Family 5+ Units
Credit score
650
Deal experience
11 deals
This loan scenario was submitted by a Broker
No
State
Mississippi
Current mortgage balance
$0
Additional Loan Information
I purchased an entire block of 10 seperate homes pd cash.. currently No Mortgage. I am completely investing 35k per house in complete renovations. Two are complete one rents for $800 per month.. the other is an office. I have 8 units remaining.. must complete in the next 9 months. I will refinance the entire block in 12 months.
Status
Open
Created
December 19, 2020 - 3:47pm
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