| 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 90% LTV): |
|||
|---|---|---|---|
| Appraised Value | $1,000,000 | ||
| Qualified Debt | $650,000 | ||
| Business Expense Cash Out | $200,000 | ||
| Third Party Loan | $450,000 | (45%) | |
| 504 Net Loan | $400,000 | (40%) | |
| Equity | $150,000 | (15%) | |
| Total | $1,000,000 | ||