Loan amount
$550,000
Loan type
As-Is Property Value
$795,000
LTV
70%
{LTV}
Property type
Multi-family
Borrower Details
Credit score
810
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Vermont
Loan Details
Additional Loan Information
Turn a bed & breakfast into one apartment and 4 suites for rent or lease. Already have long term tenants for units. Purchase price $600K. Putting down $60-100K. Renovation budget $5K. 3-6 month timeline. ARV $795K. Not yet in contract. Property located in Morrisville, VT. Will owner-occupy one of the units. Prefer long-term loan, if possible. Estimated monthly rental income $4,500-5,500.
Status
Closed
Created
June 29, 2020 - 12:08pm
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