Loan amount
$50,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$140,000
LTV
36%
{LTV}
Property type
Vacant Land
Borrower Details
Credit score
670
Deal experience
3 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
JEFFERSON
State
North Carolina
Loan Details
Current mortgage balance
$10,000
How much cash-out are you looking for?
$40,000
Additional Loan Information
I have a borrower who owns this vacant land in North Carolina which is right next to the shopping center where he has his Restaurant, he’s looking to purchase the shopping center and needs to refinance cash-out on the parcel to complete the down payment for the purchase, value $145K owes $10K
Status
Closed
Created
May 31, 2023 - 4:41pm
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