Loan amount
$299,000
Loan type
As-Is Property Value
$299,000
LTV
100%
{LTV}
Property type
Mixed use
Borrower Details
Credit score
630
Deal experience
9 deals
This loan scenario was submitted by a Broker
Property Details
State
Minnesota
Loan Details
Additional Loan Information
Mixed use property to be rented/leased to multiple people/entities (office, warehouse, shop, house). Purchase price $280K; listed at $299K. Currently in contract. Property located in 7205 Fairgrounds Rd NW, Bemidji, MN 56601. Estimated monthly rental income of $4-6K. Loan duration of 12-24 months. I am seeking 100% financing. I have a contract that's locked in yet contingent on inspection so I wanted to ask for the extra funds just in case it's needed for any items that need attention from the inspection.
Status
Closed
Created
February 28, 2020 - 8:19am
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