Loan amount
$300,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$650,000
LTV
46%
{LTV}
Property type
Vacant Land
Borrower Details
Credit score
769
Deal experience
4 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Phoenix
State
Arizona
Loan Details
Current mortgage balance
$0
How much cash-out are you looking for?
$300,000
Additional Loan Information
My client is seeking a $300k+ refi in Phoenix, AZ for 3 years;
1. Collateralizing 3 Phoenix properties (SFR, Condo and Industrial light) that are FREE AND CLEAR @ an appraised total of $650k
2. Use of Funds is to buy land which is under contract for $199,000 and build 5 Multi-Family units, 2 bedroom 2 bath each
3. Experience - sold 4 investments properties in the last 3 years. Have had investment properties for 40 years and is a general contractor
4. 769 mid-credit score
5. Urban
1. Collateralizing 3 Phoenix properties (SFR, Condo and Industrial light) that are FREE AND CLEAR @ an appraised total of $650k
2. Use of Funds is to buy land which is under contract for $199,000 and build 5 Multi-Family units, 2 bedroom 2 bath each
3. Experience - sold 4 investments properties in the last 3 years. Have had investment properties for 40 years and is a general contractor
4. 769 mid-credit score
5. Urban
Status
Closed
Created
July 1, 2024 - 3:08pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Arizona Phoenix | Tuscon | Mesa | Chandler | Scottsdale | Glendale Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans