Loan amount
$60,000
Loan type
As-Is Property Value
$120,000
LTV
50%
{LTV}
Property type
Single family home
Borrower Details
Credit score
590
Deal experience
20 deals
This loan scenario was submitted by a Broker
Property Details
State
Illinois
Loan Details
Additional Loan Information
I want to take cash out of a property that I own, free of mortgage. I plan to use that cash to make improvements on other properties that I own. I will increase the rents once improvements are completed and the improvements will increase the value of the properties. I have over 25 years of real estate experience in the investment/renovations/rental/ sale sectors. The property is a single family home located in Carbondale, Illinois 62901. Monthly rental income is $800. Looking for a term with a minimum of 24 months.
Status
Closed
Created
July 10, 2020 - 1:27pm
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