Loan amount
$185,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$480,000
{PP:$410,000}
LTV
39%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
700
Deal experience
20 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Bossier City
State
Louisiana
Loan Details
Purchase price
$410,000
Down payment
$225,000
Additional Loan Information
My client is in possession of a piece of free and clear raw land, valued at $500,000, which they would like to use as collateral or refinance in order to fund a small portfolio. This portfolio consists of six attached townhomes and three single-family residences, valued at $410,000.
Status
Open
Created
March 22, 2023 - 3:04pm
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