Loan amount
$106,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$170,000
{PP:$125,000}
LTV
62%
{LTV}
Property type
Single Family
Borrower Details
Credit score
780
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Chicago
State
Illinois
Loan Details
Purchase price
$125,000
Down payment
$19,000
Additional Loan Information
I'm looking for funding for single-family home investments in Chicagoland and surrounding suburbs.
Home prices range between 85K to 100K, with expected renovations between 25K to 40K. Projected rental rates are $2250/Month, with an expected return of 21%.
Assets are available in the form of real estate and cash reserves. With outstanding credit score and payment history.
Need:
-30 Year Fixed Mortgage
-125K Loan, which includes renovations
-85% ARV
-fast turnaround on funding.
Home prices range between 85K to 100K, with expected renovations between 25K to 40K. Projected rental rates are $2250/Month, with an expected return of 21%.
Assets are available in the form of real estate and cash reserves. With outstanding credit score and payment history.
Need:
-30 Year Fixed Mortgage
-125K Loan, which includes renovations
-85% ARV
-fast turnaround on funding.
Status
Open
Created
May 16, 2022 - 12:13pm
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