Loan amount
$57,000
Loan type
As-Is Property Value
$90,000
LTV
64%
{LTV}
Property type
Multi-family
Borrower Details
Credit score
700
Deal experience
15 deals
This loan scenario was submitted by a Broker
Property Details
State
Wisconsin
Loan Details
Additional Loan Information
We buy houses for cash flow. We will have the property fixed and will have it rented out. it should cash flow about $1000 per month. I will have a private investor pay off the balance and be in the first position. Only looking for loan partners to purchase quicker while we raise capital. Purchase price $46.5K. Currently worth $70K. $10K renovation budget. ARV $90K. Already in contract. Property located in Racine. Loan duration 6-12 months.
Status
Closed
Created
April 8, 2020 - 3:14pm
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