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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%
75% LTV; 801 FICO; Purchase
California
Our borrower with exceptional credit scores, put down 25% plus closing costs to acquire the N/O/O...
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Price:$315k
UPB%:100%
Rate:9%
LTV:75%
YTM:N/A
70% LTV; C/O Refi of a N/O/O
California
Our repeat borrower used the proceeds of our mortgage loan against his N/O/O SFR to satisfy the...
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Price:$451k
UPB%:100%
Rate:9%
LTV:70%
YTM:N/A
70% LTV; 1x DSCR; C/O Refi of
California
Our borrower, with relatively strong credit scores, used the proceeds of our mortgage loan against...
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Price:$217k
UPB%:100%
Rate:8%
LTV:70%
YTM:N/A
60% LTV; Cash-Out Refi of a
California
Our borrower used the proceeds of our mortgage loan against her N/O/O investment property to grow...
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Price:$390k
UPB%:100%
Rate:7%
LTV:60%
YTM:N/A
North Carolina - 12 payments
North carolina
PRICE JUST LOWERED TO $45,000. This OO loan has made 12 payments in the last 12 months and their...
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Price:$45k
UPB%:75%
Rate:6%
LTV:56%
YTM:16%

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