Loan amount
$220,000
Loan type
As-Is Property Value
$275,000
LTV
80%
{LTV}
Property type
Commercial
Borrower Details
Credit score
800
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Pennsylvania
Loan Details
Additional Loan Information
The property is a duplex top and bottom unit. The bottom unit is rented by a locksmith company. The top unit is a 1 bedroom, 1 full bathroom apartment. Both the top and bottom are currently rented out and would remain once purchased. Purchase price $275K. 20% down. Not yet in contract. Property located in Phoenixville, PA. Prefer long-term loan. Estimated monthly rental income of $2,600.
Status
Closed
Created
March 9, 2020 - 10:12am
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