Mortgage lead for Residential loan in Syracuse, NY, 13204

Loan Request for Residential loan in Syracuse, NY, 13204

Request #3732808 by Lender

Date Posted

5/2/2025 7:55:36 AM

Property at

Syracuse, NY, 13204, USA Show Map

Borrower at

Property Type

Residential

Property Value

$300,000

Loan Request

$200,000

LTV

66.67 %

Credit Rating

620-629

Loan Purpose

Purchase and Construction

Purpose

I am requesting a loan in the amount of $200,000 to acquire a residential property situated at 108 Onondaga Avenue, Syracuse, NY. The purpose of this loan is to facilitate both the purchase and construction work on a minor fixer-upper, transforming it into a viable income-generating asset.

The funds from this loan will be utilized to significantly enhance the property's value by addressing its refurbishment needs and increasing its marketability. This investment is expected to yield positive returns, contributing to my long-term financial stability and improving my overall net worth.

For you as the lender, this loan represents a low-risk opportunity. With a 66.67% Loan-to-Value ratio and my stable annual income of $11,000 against minimal expenses, repayment is well-cushioned and secure.

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Loan Request for Residential loan in Syracuse, NY, 13204