Loan amount
$618,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$1,500,000
{PP:$375,000}
ARV
41%
{ARV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
700
Deal experience
10 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Baltimore
State
Maryland
Loan Details
Purchase price
$375,000
Down payment
$57,000
Cost of improvements
$300,000
Estimated property value after repairs
$1,500,000
Additional Loan Information
In contract for a 9 unit mixed use property. 6 residential units, 2 commercial, 1 unfinished. We have 2 behavioral health programs that would like to lease the property. Behavioral health program will occupy one of the commercial units and their clients will occupy the residential units. Rents paid by Medicaid. Property will generate $13k-$15k/mo in rent. Management by the programs.
Status
Open
Created
February 27, 2024 - 7:17pm
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