Loan amount
$310,000
Loan type
As-Is Property Value
$449,000
LTV
70%
{LTV}
Property type
Town-home
Borrower Details
Credit score
695
Deal experience
7 deals
This loan scenario was submitted by a Broker
Property Details
State
Florida
Loan Details
Additional Loan Information
Cash-out refinance to refurbish one town home we own that is actively rented. Owe $244,986. Located in Fernandina Beach, FL 32034. Current value $407K. Timeline of 120 days. ARV $449K. Rented for $2,700/month. Can leverage another townhouse for funds, if needed, which we occupy: worth $417K, owe $233K, located in same town. Prefer 1-3 year loan term.
Status
Closed
Created
July 8, 2020 - 3:13pm
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