Loan amount
$1,280,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$2,200,000
LTV
58%
{LTV}
Property type
Retail/Strip Mall
Borrower Details
Credit score
629
Deal experience
1 deal
This loan scenario was submitted by a Broker
Yes
Property Details
City
Avenel
State
New Jersey
Loan Details
Current mortgage balance
$280,000
How much cash-out are you looking for?
$1,000,000
Additional Loan Information
Property is an adult bookstore that makes $700,000 a year. He is looking to do a cash out refinancing. To start another project.
Status
Open
Created
May 19, 2023 - 6:27pm
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