Rehab a Primary Residence (already owned) in jjjjj, Kentucky
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Rehab a Primary Residence (already owned) in jjjjj, Kentucky
- What's your First Name? Raj
- What's your Last Name? Singh
- What's your email address [email protected]
- What's your phone number? 96538 27595
- What is your primary role in this loan request? Borrower
- How much would you like to borrow? 235
- What is the property's current market value as-is? 555
- City jjjjj
- State Kentucky
- How would you describe the location? Suburban
- How would you describe the current condition of the property? Brand New Build
- Which asset class is the subject property? Residential Property
- What type of residential property? Land
- What is the current zoning for the land? Single Family Residence
- What is the land’s entitlement status? Entitled
- What type of improvements does the land have? Street Access, Gas
- Does the land consist of more than one parcel? Yes
- Does the land currently generate income? Yes
- How much income does the land generate each month? 788
- What is the purpose of the loan? Rehab a Primary Residence (already owned)
- Within what timeframe did you initally purchase the property? 1 month
- What was the initial purchase price? 789
- Are there any existing mortgages on the subject property? 1st Mortgage, 2nd Mortgage
- What is the balance of the 1st Mortgage? 2
- Will this 1st mortgage be refinanced? Yes
- What is the balance of the 2nd Mortgage? 12
- Is your loan in default? Yes
- Is your loan in forclosure? Yes
- Are you looking to cash out equity with this refinance loan? Yes
- How will the cash-out funds be used? Improve the subject property
- Do you have a recent valuation? Yes
- When was the valuation done? In the past 30 days
- What is the current occupancy status of the property? I occupy one unit and operate a short-term / vacation rental
- What is your exit strategy for the loan? Refinance
- When do you need to close the transaction? Within 10 days
- Do you have a rehab budget? No
- What’s the estimated rehab cost? 56
- How much do you think the property will be worth after the rehab? 777
- How many property rehab projects have you completed in the past 2 years? 8
- Do you have a team ready to work on the project? Yes, I will hire subcontractors and manage the project
- How would you describe the rehab project? Heavy Rehab
- Will your rehab project include any of the following? Remove walls
- What is your plan for the property once rehab is completed? Lease the property
- What is your household’s monthly income (per month)? 455
- What type of income does your household earn? Self employment, Disability, Other
- How much do you earn from self-employment (per month)? 5555
- Have you been self-employed for more than 2 years? Yes
- How much do you earn for disability (per month)? 555
- How much is your total other income (per month)? 555
- Will the property be used by a cannabis business? Select ...
- How long of a loan term are you seeking? 18 months, 10 years
- Can you provide the property address? Yes
- Are any of these financial events in your history? Bankruptcy discharge
- When was the bankruptcy discharged? Within 1 year
- Are you a U.S. Military veteran? Yes
- Are you a citizen of the United States? Yes
- Please provide more details on the use of the cash-out funds. Tell lenders the story about your loan. Summarize the challenges you've experienced with other lenders and reasons why you're seeking private financing. Explain your plan for the property, the occupancy, ability to make the payments, and how the loan will be paid off.
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Deal Overview
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The Story & Summary
Contact
Deal Overview
Loan Info
Final Details
The Story & Summary