Loan amount
$400,000
Loan type
As-Is Property Value
$1,100,000
LTV
37%
{LTV}
Property type
Single family home
Borrower Details
Credit score
620
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
California
Loan Details
Additional Loan Information
I would like to add a second story to my home. Total project size 3800 sf. Current value of the property is $680K. Estimated completion value is $1.1M. Work will be completed in 15 months. Owner-occupied. Property located in Hayward, CA. Loan will be paid off once the work is done. Currently owe $425K on the property.
Status
Closed
Created
March 11, 2020 - 8:50pm
Hard Money Lenders Now Offering Real Estate Investor Loans in California Los Angeles | San Diego | San Jose | San Francisco | Fresno | Sacramento Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans