Loan amount
$343,000
Loan type
Purchase {Rent&Hold}
Property value
$395,000 {PP:$345,000}
LTV
87% {LTV}
Property type
Multi-Family 1-4 Units
Credit score
620
Deal experience
None
This loan scenario was submitted by a Broker
No
City
Kenai
State
Alaska
Purchase price
$345,000
Down payment
$2,000
Additional Loan Information
Buy and hold opportunity. 4 remodeled units, $4200 current monthy rent, $4400, market rent. All 4 units are currently rented. 'd like a short term (24-30 month) interest only loan so that I can season the property for a refinance. This is my first deal and I understand the aversion to it but I also have 3 fix and flips in the pipeline and I just need someone to take the chance on me and I can make this a mutually beneficial relationship.
Status
Created
April 18, 2022 - 10:34pm

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