Loan amount
$290,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$368,000
LTV
79%
{LTV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
567
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
New London
State
Connecticut
Loan Details
Current mortgage balance
$165,000
How much cash-out are you looking for?
$125,000
Additional Loan Information
Own a 1801 historic 2 floor house with 2 units in downtown historic district. Rented out to two long term tenants. Income 2k/month, tenants pay utilities etc.. Funds to make updates, debt consolidation. Updates will allow increase in rental rates to market ca. 1400-1600/month per apartment.
Status
Closed
Created
February 24, 2026 - 2:55am
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