Loan amount
$160,000
Loan type
As-Is Property Value
$250,000
LTV
64%
{LTV}
Property type
Single family home
Borrower Details
Credit score
620
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
Indiana
Loan Details
Additional Loan Information
Looking for a temporary fast bridge loan to purchase an owner occupied property. Only needed for a period long enough for my current residence to sell. My experience in this market as a realtor is within one week my current residence will be sold profiting approximately $60K+. Owe just under $68K on my current property, which is not yet listed, but my broker estimates it will sell for $140K. Both properties are in Alexandria Indiana. The list price for the new property is $157,900. Not currently under contract.
Status
Closed
Created
June 18, 2020 - 8:46am
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