Mortgage lead for Residential loan in New Haven, CT, 06511

Loan Request for Residential loan in New Haven, CT, 06511

Request #3725625 by Lender

Date Posted

4/10/2025 9:24:14 AM

Property at

New Haven, CT, 06511, USA Show Map

Borrower at

Property Type

Residential

Property Value

$550,000

Amount of Existing Loans

$238,000

Loan Request

$200,000

LTV

79.63 %

Credit Rating

630-639

Net Worth

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

Loan Purpose

Second, Third or HELOC

Purpose

Title: Loan Purpose

I am seeking a loan of $200,000 for a business purpose, specifically to secure a second mortgage or HELOC on a non-owner-occupied property. This property, located at 20 Irving Street, New Haven, CT, is valued at $550,000 and is in superior condition.

The loan will be leveraged to enhance my business operations and expand my investment opportunities, potentially increasing my overall portfolio value. By doing so, I intend to improve my financial stability and foster long-term growth.

For the lender, this represents a secure investment opportunity given the property’s high value and stable market. The loan-to-value ratio stands at a conservative 79.64%, ensuring a low-risk venture with reliable repayment prospects.

I am optimistic about the benefits this loan will bring to both parties and greatly appreciate your considerate evaluation of my request.

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Loan Request for Residential loan in New Haven, CT, 06511