Loan amount
$350,000
Loan type
As-Is Property Value
$695,000
LTV
51%
{LTV}
Property type
Mixed use
Borrower Details
Credit score
650
Deal experience
16 deals
This loan scenario was submitted by a Broker
Property Details
State
Illinois
Loan Details
Additional Loan Information
I have a mixed use property. 3 unit commercial building, and a 2 unit residential on the same parcel. Unencumbered, value approximately $695,000, gross monthly rent $9,500.00, annual expenses $41,000.00 (property taxes, insurance, water). Located in Oak Forest, IL. 60452. Using loan to expand my portfolio. Minimum 10 year duration.
Status
Closed
Created
October 16, 2019 - 9:43am
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