Loan amount
$1,700,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$3,900,000
{PP:$1,700,000}
LTV
44%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
588
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Chicago,
State
Illinois
Loan Details
Purchase price
$1,700,000
Down payment
$0
Additional Loan Information
The property is a multi unit apartment building. It is selling at a discount compared to the cost of monthly income for the area. I am valuing it by comparing the average Cap rate for the area.
Status
Open
Created
July 25, 2022 - 4:41pm
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