Loan amount
$350,000
Loan type
As-Is Property Value
$550,000
LTV
64%
{LTV}
Property type
Apartment building
Borrower Details
Credit score
650
Deal experience
2 deals
This loan scenario was submitted by a Broker
Property Details
State
Wisconsin
Loan Details
Additional Loan Information
Purchase an apartment building with 20 1-bedroom units. Requires very little remodeling. Purchase price $375K. Already in contract. Can provide $10K down plus a paid-off duplex rental property worth an estimated $100K. Building rental income $10K/month. Property located in Milwaukee. Loan duration 1 year; will refinance after that.
Status
Closed
Created
April 6, 2020 - 9:58am
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