Loan amount
$397,000
Loan type
Refinance {Cash-Out}
Property value
$950,000
LTV
42% {LTV}
Property type
Multi-Family 1-4 Units
Credit score
729
Deal experience
5 deals
This loan scenario was submitted by a Broker
Yes
City
Chaska
State
Minnesota
Current mortgage balance
$272,000
How much cash-out are you looking for?
$125,000
Additional Loan Information
This are 3 units in the same 3.8 acre parcel 3674-3676-3678 two Duplexes and a Single-Family home, purchased in 1991 both duplexes are rented and the single family needs some repairs, paint and new appliances to be rented, he needs a cash-out-refi 24 month bridge loan or a 30 year fixed rental loan if possible, either or to pay off a Mortgage coming to its maturity soon and use the balance of the proceeds for the repairs, paint and appliances of the 3674 the credit is good and mortgage payments have always been paid on time.
Status
Created
March 22, 2024 - 3:18pm

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