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 $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

Cash for Business Expenses is limited to 20% of the project