Loan amount
$140,000
Loan type
As-Is Property Value
$315,000
LTV
45%
{LTV}
Property type
Multi family & Single family
Borrower Details
Credit score
720
Deal experience
2 deals
This loan scenario was submitted by a Broker
Property Details
State
Michigan
Loan Details
Additional Loan Information
2 properties in hand and want to grow with low interest during renovations. Then refinance on LTV on a 30 year mortgage after renovations. Short-term loan required. The multi-family duplex is worth $200K, has a loan balance of $160K, is generating $1,485/month in rent and is located in Appleton, WI. I currently occupy the single family home which is worth $80K, will be worth $115K after the renovations are complete and is located in Roscommon, MI.
Status
Closed
Created
January 2, 2020 - 8:34am
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