Loan amount
$1,070,000
Loan type
As-Is Property Value
$1,350,000
LTV
80%
{LTV}
Property type
Condos
Borrower Details
Credit score
600
Deal experience
5 deals
This loan scenario was submitted by a Broker
Property Details
State
Massachusetts
Loan Details
Additional Loan Information
I own two condos as rentals and am looking to refinance in order to pull money out to fund other projects. The first condo is located in Belmont, MA, is worth $600K, has a mortgage balance of $370K and is rented for $2,200/month. The second condo is located in Somerville, MA, is worth $750K, has a mortgage balance of $525K, and is rented for $3,000/month. Looking for a 2 year or greater term.
Status
Closed
Created
December 12, 2019 - 10:31am
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