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Refi/Commercial loan for rehab, $90K, 727 FICO
Looking for $80K to rehab properties and hold for rental for 5-10 years. Two properties, side by side. SFH are owned outright i.e., first Lien position. Properties are currently valued at $60K each 10K+ completed value. Area within 1 mile private and public revitalization projects which include, a completed $74M patrol station and regional crime lab and plans for multiple commercial rehab projects, state of the art bus transit addition and free wi-fi. Also Looking for $10k for a duplex that is currently rented for additional rehab. Property is has $60K equity, LTV 65% Currently a sole proprietorship, however properties, more than likely, will be converted to LLC, I would like to pull $25K additional cash. One additional property with $75K equity, LTV 60%. Total equity of investment portfolio= $255K. Total equity of personal residence $104K LTV 67%.
9% LTV; Cash-Out Refi of a
California
Our borrower used the proceeds of our extremely low loan-to-value mortgage loan against his free and...
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Price:$150k
UPB%:100%
Rate:7%
LTV:11%
YTM:N/A
NJ 10% Low LTV Loan
New jersey
This is a 1st position 10% + plus "loan" with a recorded deed on the properly for absolute...
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Price:$199k
UPB%:100%
Rate:10%
LTV:80%
YTM:N/A
50% LTV; 686 FICO; Cash-Out
California
Our borrower, with relatively good credit scores, used the proceeds of our mortgage loan against his...
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Price:$135k
UPB%:100%
Rate:8%
LTV:50%
YTM:N/A
53% LTV; Refi of a SFR in
Arizona
Our borrower used the proceeds of our low loan-to-value mortgage loan to inject working capital into...
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Price:$1.7M
UPB%:100%
Rate:10%
LTV:52%
YTM:N/A
65% LTV; 790 FICO; C/O Refi
California
Our borrower, with exceptional credit scores, used the proceeds of our mortgage loan against her...
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Price:$2.1M
UPB%:100%
Rate:9%
LTV:65%
YTM:N/A

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