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51% LTV Looking for $80k 1st/2nd in Lake Elsinore DN#1742
Borrower, who is a general contractor, has two properties and is looking to turn one into a mobile home park and sell individual mobile homes. Reason for requesting money is he needs $75K capital to develop 11 building lots. Property is vacant land, owned free and clear. It can be seen at www.sunhomes.net Purchased land 10 years ago for $150,000 Current value is estimated at $300,000 Needs $75k capital to get the project going. There are two options on this property. We can either borrow against his SFR as a 2nd with an LTV of 69% OR Blanket the loan over both the SFR(2nd Lien) and the vacant land(1st Lien) for an LTV of 51%
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
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
65% LTV; Cash-Out Refi of a
Texas
Our borrower used the proceeds of our mortgage loan against his N/O/O investment property to grow...
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Price:$133k
UPB%:100%
Rate:9%
LTV:65%
YTM:N/A
North Carolina - 12 payments
North carolina
This OO loan has made 12 payments in the last 12 months and their payments are rolling 6 months...
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Price:$49k
UPB%:82%
Rate:6%
LTV:61%
YTM:14%
67% LTV Performing 10% Note
Nevada
Seller Financed Note secured by 641.68 acres of land located ~2 miles west of Carlin, NV. Access...
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Price:$150k
UPB%:100%
Rate:10%
LTV:67%
YTM:N/A

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