Loan amount
$2,100,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$2,300,000
{PP:$2,300,000}
LTV
91%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
750
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Sioux Falls
State
South Dakota
Loan Details
Purchase price
$2,300,000
Down payment
$200,000
Additional Loan Information
Signed purchase agreement for 20 unit apartment complex in Sioux Falls. Seller Financing 80% at 4.19%. Seeking 250-400k to come in on down payment in second position until stabilized (2-3 years). I am coming in with 100k, and have another partner with 100k. Note that this application doesn't capture this well.
Status
Open
Created
November 7, 2023 - 11:29pm
Hard Money Lenders Now Offering Real Estate Investor Loans in South Dakota Sioux Falls | Rapid City | Aberdeen | Brookings | Watertown | Mitchell Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans