Loan amount
$1,500,000
Loan type
As-Is Property Value
$2,000,000
LTV
75%
{LTV}
Property type
4 unit apartment
Borrower Details
Credit score
550
Deal experience
30 deals
This loan scenario was submitted by a Broker
Property Details
State
Wisconsin
Loan Details
Additional Loan Information
Want to refinance the property now. Need a short term loan, perhaps six months, and then I would seek conventional financing. Property cash flows well. Will have no problem with the loan payments, etc. Loan balance $1.5M. All units rented. Monthly rental income $14,655. Property located in Madison, WI.
Status
Closed
Created
June 11, 2020 - 4:16pm
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