Loan amount
$850,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$4,000,000
LTV
21%
{LTV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
515
Deal experience
25 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Memphis
State
Tennessee
Loan Details
Current mortgage balance
$0
How much cash-out are you looking for?
$850,000
Additional Loan Information
I currently own 80 condominiums each with having a current as-is value of approximately $50,000. I'm looking for money to repair and rent, they are 4 and 8 units per building. I'm looking for a loan of approximately 10k per unit in order to update and fix and then rent for approximately $1,200 per unit.
Status
Pending review: Please check your email. We will be sending you follow-up questions, if needed. Be sure to check your spam folder.
Created
July 30, 2024 - 2:00pm
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