Loan amount
$60,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$450,000
LTV
13%
{LTV}
Property type
Single Family
Borrower Details
Credit score
615
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Lakewood
State
Washington
Loan Details
Current mortgage balance
$0
How much cash-out are you looking for?
$60,000
Additional Loan Information
Property is owned. Was almost ready for sale when damaged by recent windstorm causing tree to fall and collapse about 1/3 of the roof and trusses. Property was set to list for $505,000 cost of repairs estimated at $50,000. While I have no experience in the past 36 months I have fixed and flipped several in the past 10 years.
Status
Created
January 16, 2021 - 8:23pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Washington Seattle | Spokane | Tacoma | Vancouver | Bellevue | Kent Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans