Loan amount
$230,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$350,000
LTV
66%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
625
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Jacksonville
State
Florida
Loan Details
Current mortgage balance
$55,000
How much cash-out are you looking for?
$175,000
Additional Loan Information
I want to access equity in this property by doing a short term hard money loan which will be repaid when my beach condo sells. It is currently listed for sale with a realtor. The funds will be used to purchase inventory for my business and for debt consolidation.
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
June 19, 2024 - 2:57pm
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