Mortgage lead for Residential loan in Clifton, NJ, 07013

Loan Request for Residential loan in Clifton, NJ, 07013

Request #3713075 by Lender

Date Posted

2/17/2025 4:14:36 PM

Property at

Clifton, NJ, 07013, USA Show Map

Borrower at

Property Type

Residential

Property Value

$600,000

Amount of Existing Loans

$110,000

Loan Request

$100,000

LTV

16.67 %

Credit Rating

600-619

Net Worth

$1,000,000 - $4,000,000

Loan Purpose

Refinance all

Purpose

I am seeking a $100,000 loan to refinance existing debt as part of a strategic business realignment. This loan will directly support my objective of improving financial efficiency, allowing me to reduce the costs associated with the current debt on my property, a residential area located at 34 Noll Terrace, Clifton, NJ.

By refinancing, I will enhance my cash flow, enabling better business operations and financial health. The property is in good condition and, with an estimated value significantly higher than the loan request, this move aims to strengthen my overall financial position and ensure long-term sustainability.

Lending me this money provides a secure and viable investment opportunity. With a loan-to-value ratio of only 16.67%, combined with my substantial net worth and stable financial history, the risk is minimized for all parties involved.

I am optimistic about the success of this loan and truly appreciate your consideration.

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Loan Request for Residential loan in Clifton, NJ, 07013