Loan amount
$500,000
Loan type
As-Is Property Value
$800,000
LTV
63%
{LTV}
Property type
Apartment building
Borrower Details
Credit score
640
Deal experience
20 deals
This loan scenario was submitted by a Broker
Property Details
State
Minnesota
Loan Details
Additional Loan Information
Looking to cash out refi my 24-unit apartment building with a bridge loan for 1-2 years. Currently owe $250K. Recent appraisal available. 23 out of 24 units rented - taking applications for the last unit now. Monthly rental income $12,300. Property located in Madison, MN.
Status
Closed
Created
April 7, 2020 - 11:11am
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