Loan amount
$340,000
Loan type
As-Is Property Value
$340,000
LTV
100%
{LTV}
Property type
Apartment building
Borrower Details
Credit score
804
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Texas
Loan Details
Additional Loan Information
Looking for properties in the southern US. I am a lawyer just outside the Toronto area. The property in question has a 24% cap rate. Purchase price is $336K. Estimated monthly rental income is $100,800. There are 12 units. Not yet in contract. The property is located in Beaumont, Texas. I would prefer 100% financing, but I am open to see what the rates are if I got 90% or 95% financing.
Status
Closed
Created
November 28, 2019 - 1:20pm
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