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Residential Post Detail
Need a $325,000 2nd T.D. at 69% CLTV? 1/8/2019 9:46:27 PM  Broker Location: CA/92658 Hard Money/CA/94702
PostID: 49935     Status: Closed  
Property Type Single Family Detached 
Units 1 Single 
Occupancy Owner Occupied 
Purpose Cash Out Refi 
FICO 550 
Doc Type  
Product Type  
Lien Position Second 
Appraised Value: $930,000 
Loan Amt 1st:  
Loan Amt 2nd: $325,000 
LTV: 69% 
CLTV: 69% 
Keywords: Business purpose, 2nd TD, second
General Notes: The borrower needs a business purpose 2nd on his owner-occ SFR. He's working on a fix-n-flip house which is 75% completed and needs additional cash to complete it. Part of the money would be used to pay-off an existing business purpose 2nd on his owner-occ.
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