Loan amount
$2,200,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$2,500,000
{PP:$2,200,000}
LTV
88%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
675
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
St Pete
State
Florida
Loan Details
Purchase price
$2,200,000
Down payment
$0
Additional Loan Information
20 units, rents are below market value. Price 2,200,00 owner financing with 600k down, owner will finance 1,600,000, 5%, 30 yr amortization, 10 yr balloon. Monthly payment 6,667. Monthly rent 15,528, market rent is 19,800. In short I am looking for 600k for the down payment. Thank you!
Status
Open
Created
January 27, 2021 - 4:14pm
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