Loan amount
$64,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$65,000 {PP:$65,000}
LTV
98% {LTV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
734
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Lenoir
State
North Carolina
Loan Details
Purchase price
$65,000
Down payment
$1,000
Additional Loan Information
3 detached unit rental property on one acre. Two units rent for $500/month, one rents for $300/month. All three have leases for at least the next eight months. I plan to hold this investment and continue renting it out for the foreseeable future. I’ve been corresponding with the owner but am not under contract.
Status
Created
January 4, 2021 - 7:36am

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