Deal Status

Active

Property Address

2527 Saint Ann Street, New Orleans, Louisiana 70119, New Orleans Louisiana 70119

Requested Loan Amount

$210,000

Loan to Value

70%

Loan Term

360 months

Lien Position

1st

Collateral Type

Residential Property

Exit Strategy

Sale of Subject Property

Collateral and Loan Details

Property Type

Single Family Residence

Number of Bedrooms

3

Number of Bathrooms

2

Owner Occupied

No

Loan Type

Refinance

Property Sq. Footage

1,297

Current Market Value

$300,000

Existing Mortgages

1st

Mortgage 1 Balance

$190,000

Equity Cash Out

No

Have Appraisal

No

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Good

Property Photos

Comments

I think this scenario may be a good fit for your capital. If not please inform me otherwise so we can keep our records up to date. Our client is looking to refinance this investment property she owns at 2527 Saint Ann Street, New Orleans, LA 70119-3407 since 2017.

Here are the numbers:

Requested Loan Amount: $210,000
Estimated Value: $300,000
Rehab cost: $0K
LTV: 70%
Terms short Term Bridge or long term fixed.

Why we took a 2nd look:

We have closed about 7 transactions for this borrower
While rental income $38.2K

Please let me know your thoughts and if there is a structure that would work within your guidelines. You can reply to this email or reach one of us at 770-760-1001. You can also review more details on the transaction at the link below.

First Name

Joel

Last Name

Miller

Phone Number

(770) 760-1001

Company

WSCA

Role

Mortgage Broker

Location

Atlanta, Georgia

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