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Loan Request for Residential loan in , NY, 10314

Request #3718965 by Lender

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3/17/2025 9:47:15 AM
NY, 10314, USA Show Map
Residential
$1,200,000
$565,000
$200,000
63.75 %
660-679
$20,000 - $40,000
Second, Third or HELOC
The borrower owns a two-story, two-unit property with an existing balance of $565K and an as-is value of $1.2M. The property was previously listed at $1.265M within the last six months. It is currently rented, with the bottom unit generating $2,500 per month and the top unit, where the borrower resides, in the process of being vacated and a tenant put in place. They are seeking a $100K–$200K second-position cash-out loan to hold the property as a long-term rental. The borrower has experience owning one rental property and filed for bankruptcy in 2019.
678 Credit Score.

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