Loan amount
$530,000
Loan type
As-Is Property Value
$650,000
LTV
82%
{LTV}
Property type
Multi-family
Borrower Details
Credit score
810
Deal experience
4 deals
This loan scenario was submitted by a Broker
Property Details
State
West Virginia
Loan Details
Additional Loan Information
12 unit apartment in a excellent located near a hospital And close to everything. 100% occupied. Last 3 years less than 3% vacancy. Owner retiring asking $630K. Apartments are in great shape. 8 are 2 bedroom and 1 bath. 4 are 2 bed and 1 1/2 bath. Appraised last year for $350K. $100K down. Not yet in contract. Plan to rent all units out. Monthly rental income $6,800 which can be raised. Property located in Princeton WV. Prefer long term loan but plan to pay off early.
Status
Closed
Created
August 8, 2020 - 9:01am
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