Loan amount
$2,125,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$3,000,000 {PP:$2,275,000}
LTV
71% {LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
650
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Kankakee
State
Illinois
Loan Details
Purchase price
$2,275,000
Down payment
$150,000
Additional Loan Information
50 properties 90 rental units, cash flows 300k for yr, under valued rent, landlord pays utilities,arv per property is 2x purchase price. I operate a plumbing contracting company and have worked closely with my large property owners and management companies I have a long list of affordable vendors as well as a professional attitude towards increasing profitability and sucess of the portfolio.
Status
Created
February 11, 2023 - 3:03pm

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