Loan amount
$1,400,000
Loan type
Refinance
{No Cash-Out}
As-Is Property Value
$3,000,000
LTV
47%
{LTV}
Property type
Vacant Land
Borrower Details
Credit score
680
Deal experience
2 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
San Antonio
State
Texas
Loan Details
Current mortgage balance
$1,400,000
Additional Loan Information
This is acreage that was marketed a "paper lots" to builders. It is currently under contract at $2.9M. Borrower needs to pay off single first lien lender, property taxes, pay back payments and place approximately 6 months of payments on deposit with the Lender and closing costs.
Status
Open
Created
September 1, 2026 - 5:03pm
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