Loan amount
$240,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$330,000
{PP:$280,000}
LTV
73%
{LTV}
Property type
Mobile Home Park
Borrower Details
Credit score
778
Deal experience
4 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Lanexa
State
Virginia
Loan Details
Purchase price
$280,000
Down payment
$40,000
Additional Loan Information
9 unit Mobil home park. 6 units rented, $2,600 income currently, at 60% market rents. Park needs a lot of attention, potentially may switch park from mobile homes to a “tiny home” community.
Status
Open
Created
June 20, 2021 - 7:38pm
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