Loan amount
$525,000
Loan type
As-Is Property Value
$1,199,000
LTV
44%
{LTV}
Property type
Apartment building
Borrower Details
Credit score
540
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Florida
Loan Details
Additional Loan Information
10 unit apartment building 100% occupied. Great tenant history. Property is updated and in excellent condition. NOI $138,000. The purchase price is $1,199,000. Seller is financing the rest of the purchase. Not currently under contract. Property located in Saint Petersburg, FL. Prefer a 25 year term but am open to whatever is available.
Status
Closed
Created
December 2, 2019 - 2:47pm
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