Loan amount
$700,000
Loan type
As-Is Property Value
$900,000
LTV
78%
{LTV}
Property type
Multifamily
Borrower Details
Credit score
595
Deal experience
30 deals
This loan scenario was submitted by a Broker
Property Details
State
Ohio
Loan Details
Additional Loan Information
Purchase 4 poplar st. Cincinnati, OH 45214; a 16 unit town home apartment building with plans to rent and hold. Exit strategy is to refinance after 12 months of payments. 1.The contract has been drafted but will not be submitted without loan commitment documentation. The purchase price is $899,995. 5% down and seller carry second. Estimated monthly rental income of $9500.
Status
Closed
Created
September 26, 2019 - 10:55am
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