Refinance an Investment Property in Chicago, Illinois
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Refinance an Investment Property in Chicago, Illinois
- What's your First Name? Ajoni
- What's your Last Name? Hopkins
- What's your Company Name? Walton, Kendrick, Hopkins LLC
- What's your email address [email protected]
- What's your phone number? 3175319677
- What is your primary role in this loan request? Borrower
- How much would you like to borrow? 108000
- What is the property's current market value as-is? 145000
- City Chicago
- State Illinois
- How would you describe the location? Urban
- How would you describe the current condition of the property? Newly Renovated
- Which asset class is the subject property? Residential Property
- What type of residential property? Single Family Residence
- How many bedrooms? 2
- How many bathrooms? 3
- What is the purpose of the loan? Refinance an Investment Property
- Within what timeframe did you initally purchase the property? More than 20 years ago
- What was the initial purchase price? 15000
- Are you looking to cash out equity with this refinance loan? Yes
- How will the cash-out funds be used? Invest in another property
- Please provide more details on the use of the cash-out funds. We will use the cash out funds of approximately 40000 (we have renovation loans totaling 60K) to fund our next project.
- Do you have a recent valuation? Yes
- When was the valuation done? In the past 3 months
- What is the current occupancy status of the property? Vacant
- What is your exit strategy for the loan? Pay down throughout the term of the loan
- When do you need to close the transaction? Within 20 days
- Will the property be used by a cannabis business? Select ...
- How long of a loan term are you seeking? 30 years
- Can you provide the property address? Yes
- What is the subject property’s address? 10634 S Langely Ave
- What is the square footage of the building(s)? 1088
- How would you rate your credit? Good
- What is your average credit score? 720
- Of which country are you a citizen? United States of America (USA)
- Of which country are you a citizen? United States of America (USA)
Contact
Deal Overview
Loan Info
Final Details
The Story & Summary
Contact
Deal Overview
Loan Info
Final Details
The Story & Summary