Loan amount
$520,000
Loan type
As-Is Property Value
$1,200,000
LTV
44%
{LTV}
Property type
Apartment building
Borrower Details
Credit score
580
Deal experience
5 deals
This loan scenario was submitted by a Broker
Property Details
State
Illinois
Loan Details
Additional Loan Information
5 units. Finishing last gut rehab. Cash-out refinance. Owe $380K. Estimate current value of $1.2M. Appraisal done on 12/18 was $1.1M. Located in Chicago, IL, Wicker Park neighborhood. Will hold and rent all units. Prefer 30 year term, or long enough to finish rehab and rent the units.
Status
Closed
Created
July 10, 2020 - 1:31pm
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