Loan amount
$14,900,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$20,000,000
{PP:$15,000,000}
LTV
75%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
690
Deal experience
3 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
El Paso
State
New York
Loan Details
Purchase price
$15,000,000
Down payment
$100,000
Additional Loan Information
We were looking to purchase a 1.5 million dollar location which is split commercial into 2 bars and a house that is zoned commercial, we have a $500k house we can use as collateral and we also have 3 rental agreements signed ready to go for the 3 spots. We have the purchase agreement for the 1.5 million property as well. Would you be able to help us ?
Status
Open
Created
July 27, 2023 - 8:50am
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