Mortgage lead for Residential loan in Katy, TX, 77449

Loan Request for Residential loan in Katy, TX, 77449

Request #3713782 by Lender

Date Posted

2/19/2025 9:25:33 PM

Property at

Katy, TX, 77449, USA Show Map

Borrower at

Property Type

Residential

Property Value

$8,750,000

Amount of Existing Loans

$4,100,000

Loan Request

$6,500,000

LTV

74.29 %

Credit Rating

780 or more

Net Worth

$4,000,000 - $10,000,000

Loan Purpose

Refinance all

Purpose

Title: Loan Purpose

I am seeking a loan of $6,500,000 to refinance existing debts totaling $4,100,000 associated with my business property located at 1207 Grand West Boulevard, Katy, TX.
Refi existing loan and buy out partners.

This strategic refinance aims to consolidate loans for efficient management and strengthen my investment portfolio.

The loan will be utilized to stabilize financing on the property, which boasts high rental potential given its superior condition. As the existing 13 units are successfully rented as Airbnbs, this refinance will enhance cash flow and facilitate further development or sale plans, potentially increasing the property's market value.

This loan represents a low-risk opportunity for lenders, thanks to my strong credit rating of 780+, significant net worth of $4 - $10 million, and a clear repayment strategy through property sales or continuous rental income.

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Loan Request for Residential loan in Katy, TX, 77449