Loan amount
$200,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$1,600,000
LTV
13%
{LTV}
Property type
Retail/Strip Mall
Borrower Details
Credit score
486
Deal experience
3 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Reeves
State
Louisiana
Loan Details
Current mortgage balance
$0
How much cash-out are you looking for?
$200,000
Additional Loan Information
The property is owned fee simple. I have two other properties each worth $200k with no liens. Credit score is below 500. Exit strategy is to sell the property within the next 6-12 months.
Status
Closed
Created
February 26, 2026 - 3:33pm
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