What does payoff and As is/ Ending Value mean?

Financing, Hard Money Lenders, Private Money
1

ok- I am new need to know what my hardmoney lender needs from me …
he wants… PAYOFFS AND AS IS/ENDING VALUE for my condo conversion… can you help I need to give him this information tommorow… thanks! VS

2

Payoff, is how much is owed to the current mortgage holder, as is means how much is the current value of the property.
Ending value, means how much will the property will be worth after any rehab work is finished.

3

he wants to know the difference between value now and value later - this will give him an idea of where he stands in terms of LTV.

4

Thanks for your help I got him the correct information!