Loan amount
$540,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$850,000
LTV
64%
{LTV}
Property type
Single Family
Borrower Details
Credit score
670
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Manassas
State
Virginia
Loan Details
Current mortgage balance
$420,000
How much cash-out are you looking for?
$120,000
Additional Loan Information
Minor work, paint and flooring. Property produces ~$5k per month currently. The minor work will add ~$3k per month to revenue. Either sell the property or transition to permanent financing next spring.
Status
Open
Created
August 5, 2022 - 1:39pm
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