Loan amount
$250,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$500,000
LTV
50%
{LTV}
Property type
Retail/Strip Mall
Borrower Details
Credit score
675
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Sheridan
State
Arkansas
Loan Details
Current mortgage balance
$125,000
How much cash-out are you looking for?
$125,000
Additional Loan Information
Purchased in January 2022 an existing truck stop with 2 gasoline and 2 diesel pumps, a carry out restaurant, remodeled it and rented for 12 years term. We are in Wholesale and Retail business with 20 years experience.
Status
Open
Created
March 21, 2024 - 1:12pm
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