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Refinance Loan in North-Dakota

  • Posted on June 10, 2017
  • Status: Inactive ?

Loan & Collateral

Loan TypeRefinance
Security1st Mortgage
Loan Amount$450,000
Collateral Value$1,728,000
Calculated LTV26% ?
Address1515 6th Avenue Northeast
CityWatford City
StateNorth-Dakota
Property TypeCommercial

Exit Strategy

Conventional loan after seasoning

Loan Proceeds

Take out existing 1st ($200k) and private IRA loan ($100k). $150k for rehab of third of three unit commercial. ($13k/mo gr income now). Here is Loopnet listing of the property http://www.loopnet.com/Listing/20146549/1515-6th-Ave-NE-Watford-City-ND/

Borrower

ApplicantGreg Wadsworth
Agency?Other Agent
Credit Grade Inactive ?
Phone Number Inactive ?

Private Money in North-Dakota

The MoolahList hard money directory lists 78 lenders in North-Dakota

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