Loan amount
$165,000
Loan type
As-Is Property Value
$250,000
LTV
66%
{LTV}
Property type
Commercial / Retail
Borrower Details
Credit score
580
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
South Carolina
Loan Details
Additional Loan Information
Purchase building and property for investment to rent to 2 businesses. Purchase price $165K. Looking for 100% financing. Not yet in contract. Property located in Gaffney, SC. Monthly rental income $2,500. Prefer a long term loan. According to an appraisal done 6 months ago, the property is currently valued at $250K.
Status
Closed
Created
April 10, 2020 - 1:43pm
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