Loan amount
$910,000
Loan type
As-Is Property Value
$1,018,000
LTV
90%
{LTV}
Property type
Multi-family (3)
Borrower Details
Credit score
500
Deal experience
8 deals
This loan scenario was submitted by a Broker
Property Details
State
Alabama
Loan Details
Additional Loan Information
Purchase of stabilized 24-Unit Multifamily Package - 10-Unit, 8-Unit, 3 Duplexes. Monthly Rents $14,365.17. Purchase price $744K. Rehab cost $60K. ARV $1.108M. Properties located in Birmingham, AL. 24 2 Bd / 1 Ba Units. Current Cap Rate 13%. To be professionally managed. Request 100% Financing 12 Months Amortization 30 years. DCR: 1.39. Seeking a JV Partnership or 100% LTC Funding. Not yet in contract.
Status
Closed
Created
March 2, 2020 - 8:49am
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