Loan amount
$235,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$336,000
{PP:$250,000}
LTV
70%
{LTV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
581
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Grand Rapids
State
Michigan
Loan Details
Purchase price
$250,000
Down payment
$15,000
Additional Loan Information
2 unit duplex. Only needing low rehab to restore. Once completed with rehab, hold for rental until resale at a later date to pay back all loans if the refinance amount doesn't clear all debts.
Status
Open
Created
May 3, 2024 - 7:09pm
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