Loan amount
$560,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$1,500,000
LTV
37%
{LTV}
Property type
Church/Place of Worship
Borrower Details
Credit score
690
Deal experience
5 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Groton
State
Connecticut
Loan Details
Current mortgage balance
$60,000
How much cash-out are you looking for?
$500,000
Additional Loan Information
Hello there!
My property worth around 1M-2M.
I want around 500k.
I will pay interest only for 2-3 years than pay principal.
I will use the money for architect, design a nd approvals for 200-300 units multifamily complex.
After the approval the value of the property will be 9M-12M.
So I need hard lender that understand that the property has enough equity to guarantee the loan and will lend based in the property equity.
Please, only contact me back if you can follow the terms mentioned above.
My property worth around 1M-2M.
I want around 500k.
I will pay interest only for 2-3 years than pay principal.
I will use the money for architect, design a nd approvals for 200-300 units multifamily complex.
After the approval the value of the property will be 9M-12M.
So I need hard lender that understand that the property has enough equity to guarantee the loan and will lend based in the property equity.
Please, only contact me back if you can follow the terms mentioned above.
Status
Open
Created
June 22, 2023 - 11:32pm
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