Sample Refinance Projects

Debt Refinancing (Maximum 90% LTV):
Appraised Value $1,000,000
Outstanding Debt $900,000
Third Party Loan $500,000 (50%)
504 Net Loan $400,000 (40%)
Equity $100,000 (10%)
Total $1,000,000
Debt Refinancing (Less Than 90% LTV):
Appraised Value $1,000,000
Outstanding Debt $500,000
Third Party Loan $250,000 (25%)
504 Net Loan $250,000 (25%)
Equity $500,000 (50%)
Total $1,000,000
Debt Refinance & Business Expense Cash Out
(Not to Exceed 85% LTV):
Appraised Value $1,000,000
Qualified Debt $500,000
Other Secured Debt $200,000
*Business Expense Cash Out $50,000
Third Party Loan $375,000 (37.5%)
504 Net Loan $375,000 (37.5%)
Equity $250,000 (25.0%)
Total $1,000,000

*Cash for Business Expenses is limited to 25% of the Refinance Project