Loan amount
$450,000
Loan type
Refinance {Cash-Out}
As-Is Property Value
$1,175,000
LTV
38% {LTV}
Property type
Industrial/Warehouse
Borrower Details
Credit score
630
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Watertown
State
Wisconsin
Loan Details
Current mortgage balance
$300,000
How much cash-out are you looking for?
$150,000
Additional Loan Information
Purchased this in 2019 on a1 year land contract. Fixed it up with my money and time. Need 300k to buyout land contract that is past due. Would like additional funds to complete renovations.
Building is partially owner occupied, tenant renting some space at $2500 per month.
Status
Created
March 23, 2021 - 3:57pm

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