Loan amount
$850,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$1,790,000
{PP:$1,350,000}
LTV
47%
{LTV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
500
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
North Hollywood
State
California
Loan Details
Purchase price
$1,350,000
Down payment
$500,000
Additional Loan Information
This is a triplex in North Hollywood consisting of a frint sfr 3/2 +2/1 + 1/1 in back with ally access, off street parking and yard. The front house was just completely redone rom studs and is vacant, the two back units are occupied and current rents with vacancy is NOI $70k. I need to purchase and fill the vacancy. Looking for either a short term bridge to stabilize, an adjustable amortized rate or a long term fixed rate.
Status
Open
Created
November 28, 2021 - 1:21am
Hard Money Lenders Now Offering Real Estate Investor Loans in California Los Angeles | San Diego | San Jose | San Francisco | Fresno | Sacramento Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans