Loan amount
$325,000
Loan type
As-Is Property Value
$445,000
LTV
74%
{LTV}
Property type
Single family home
Borrower Details
Credit score
690
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
North Carolina
Loan Details
Additional Loan Information
Seeking bridge loan. Looking at having a home built on builder's owned land. Current home located in Charlotte, NC; worth $215K, owe $97.6K. New construction home will be built to our specs. Looking to spend $320K max. Property located in Stanfield, NC. Construction timeline of 4-6 weeks. Not yet in contract. Will sell current home once new home is ready. Owner-occupied.
Status
Closed
Created
March 15, 2020 - 10:58am
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