Loan amount
$50,000
Loan type
As-Is Property Value
$120,000
LTV
42%
{LTV}
Property type
Single family home
Borrower Details
Credit score
525
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Michigan
Loan Details
Additional Loan Information
Bridge loan needed to purchase new primary home for me and my family; ready to move and need a bigger home. Current home on the market for $72K; owe $40K. Not yet in contract to sell. Located in Romulus, MI. New property purchase price is $48K. Can provide $4K down now. Already in contract to purchase. New property located in Ecorse, MI. 12 month loan duration.
Status
Closed
Created
March 18, 2020 - 11:02am
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