Mortgage lead for Residential loan in San Antonio, TX, 78237

Date Posted

7/22/2025 2:48:12 PM

Property at

San Antonio, TX, 78237, USA Show Map

Borrower at

Property Type

Residential

Property Value

$170,099

Loan Request

$90,000

LTV

52.91 %

Credit Rating

580-599

Net Worth

$40,000 - $70,000

Loan Purpose

Property Purchase

Purpose

I am writing to request a loan, ideally a bridge loan, to facilitate the purchase of a family-owned property located at 2026 Valencia San Antonio TX 78237. This property holds significant sentimental value, having been built and continuously owned by my family since 1959.
My primary objective is to acquire this cherished family home and undertake some minor repairs to maximize its value. The property has consistently generated $1,500 in net monthly rent in the recent past, demonstrating its income-producing potential. After completing the necessary repairs, I am confident the property will have an After Repair Value (ARV) of at least $170,000.00.
I require at least $90,000 to facilitate the buyout of my relatives who currently co-own the property. I am prepared to contribute some of my own funds if necessary to complete the transaction.
Financially, I am well-positioned to manage this loan. I am currently employed with a tech firm, earning a stable monthly salary of $5,500. Additionally, my freelance work provides an average of $1,800 in monthly income. My total verifiable monthly income is $7,300.
I am particularly interested in a bridge loan due to its inherent flexibility, which would allow me to quickly secure the property. My long-term plan is to refinance the property after repairs are completed to secure more favorable interest rates and terms.
I am available to discuss this opportunity further at your earliest convenience and provide any additional documentation required. Thank you for considering my request.

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Loan Request for Residential loan in San Antonio, TX, 78237