Loan amount
$880,000
Loan type
Refinance
{Rent&Hold}
As-Is Property Value
$1,600,000
LTV
55%
{LTV}
Property type
Retail/Strip Mall
Borrower Details
Credit score
700
Deal experience
1 deal
This loan scenario was submitted by a Broker
Yes
Property Details
City
CAPE MAY
State
New Jersey
Loan Details
Current mortgage balance
$880,000
Additional Loan Information
Retail Property Cash out Refi / Light update to increase value
Mortgage Bal. $580K
Current Value $1.1 M
Loan Request $880,000
ARV $1.6 M
Potential annual revenue $133,200
Tenant (1) $1700 per Mo
Tenant (2) $6900 Per Mo
Tenant (3) $2500 - Potential
Expenses
Taxes $966.67 = $11600
Maintenance = $4000
Insurance $460 = $5520
Fico of : 700
Mortgage Bal. $580K
Current Value $1.1 M
Loan Request $880,000
ARV $1.6 M
Potential annual revenue $133,200
Tenant (1) $1700 per Mo
Tenant (2) $6900 Per Mo
Tenant (3) $2500 - Potential
Expenses
Taxes $966.67 = $11600
Maintenance = $4000
Insurance $460 = $5520
Fico of : 700
Status
Open
Created
October 30, 2023 - 2:02pm
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