Loan amount
$425,000
Loan type
As-Is Property Value
$475,000
LTV
90%
{LTV}
Property type
Mobile Home Park
Borrower Details
Credit score
750
Deal experience
12 deals
This loan scenario was submitted by a Broker
Property Details
State
South Carolina
Loan Details
Additional Loan Information
Mobile home park acquisition. 49 space MHP that is 43% occupied. There are 14 vacant homes in need of repair. Homes can be repaired within 24 months. Purchase price $475K. Putting down $20K. Monthly rental income $7,000. Not yet in contract but will be by end of this week. Property located in Cordova, SC. 3-5 year loan duration AM over 30 years. I currently own 3 single family homes a one 17 space mobile home park.
Status
Closed
Created
March 11, 2020 - 12:06pm
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