Loan amount
$900,000
Loan type
As-Is Property Value
$1,000,000
LTV
90%
{LTV}
Property type
Apartment building
Borrower Details
Credit score
650
Deal experience
9 deals
This loan scenario was submitted by a Broker
Property Details
State
Mississippi
Loan Details
Additional Loan Information
This is a 60 unit apartment building in Columbus, MS. Asking price is $900,000. Minor repairs needed in units. 50% occupancy. I believe I can get this property for much less than the asking price. I'm waiting on my agent to give me the approximate ARV in a few days.
Status
Closed
Created
June 4, 2020 - 2:08pm
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