Loan amount
$100,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$165,000
{PP:$125,000}
LTV
61%
{LTV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
795
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Columbia
State
South Carolina
Loan Details
Purchase price
$125,000
Down payment
$25,000
Additional Loan Information
I have an opportunity to purchase a 4 family apt building prior to owner listing property for sale. I intend to maintain as a rental property (i.e., passive income). Property is currently 100% occupied with paying renters and has been fully occupied for the previous 5 years.
Status
Open
Created
April 8, 2021 - 10:08am
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