Loan Request for Residential loan in Atlantic City, NJ, 08401

Request #3702235 by Lender

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Date Posted

7/31/2024 7:09:03 AM

Property at

Atlantic City, NJ, 08401, USA Show Map

Borrower at

Property Type

Residential

Property Value

$1,200,000

Purchase Price

$1,200,000

Amount of Existing Loans

$335,000

Loan Request

$564,000

LTV

47 %

Credit Rating

500-549

Loan Purpose

Refinance and Construction

Purpose

The funds will be used to refinance the existing mortgage and remodel the property to luxury standards, with the intent to flip it at a high premium. This strategic investment will significantly enhance the property's value and appeal in the high-end market.

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Loan Request for Residential loan in Atlantic City, NJ, 08401