Loan amount
$5,000,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$10,000,000
{PP:$5,000,000}
LTV
50%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
700
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Charlotte
State
North Carolina
Loan Details
Purchase price
$5,000,000
Down payment
$0
Additional Loan Information
Looking to purchase my first of 2-3 with great NOI and upside of market/demand in the areas. I have multiple properties I'm looking at. I'm going to have professional property mgmt. My goal/plan is to have the lenders funds back within 2-5years.
Status
Open
Created
December 8, 2023 - 11:34am
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