Loan amount
$15,000,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$16,000,000
{PP:$15,000,000}
LTV
94%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
627
Deal experience
19 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Hartford
State
Connecticut
Loan Details
Purchase price
$15,000,000
Down payment
$0
Additional Loan Information
Seek to fund the acquisition of169 units of multi family dwelling generating $1,6 million annually with Net Operating Income of$800k.
Purchase price is targeted at $15 million. Seek an interest only loan at 5% interest only payment for 5 years.
Purchase price is targeted at $15 million. Seek an interest only loan at 5% interest only payment for 5 years.
Status
Open
Created
May 4, 2021 - 5:46pm
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