Borrower looking to cross collateralize 2 properties in Coeur D’alene, ID.
SFR value $269,000 - $143k owed. (31k equity before 65% CLTV)
Trip-plex value $300k - $121k owed ($74k equity before 65% CLTV)
Looking to get a $100k 2nd mortgage secured by both the properties.
Need to get funds by 11/15 or 11/16.
Any particular recommendations?
I have a call into Seattle Funding Group.