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
Open
Created
January 4, 2021 - 7:36am
Hard Money Lenders Now Offering Real Estate Investor Loans in North Carolina Charlotte | Raleigh | Greensboro | Durham | Winston-Salem | Fayetteville Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans