Loan amount
$530,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$650,000
{PP:$630,000}
LTV
82%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
720
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Cleveland
State
Ohio
Loan Details
Purchase price
$630,000
Down payment
$100,000
Additional Loan Information
This is a package deal of two properties. The first property has 5 units total, 4 residential and one commercial unit. The 4 units are rented out with long term tenants, the commercial unit is currently vacant. The second property is a collection of 5 townhome units, all of which are rented out with long term tenants. Neither property needs any major upgrades, out side of cosmetic upgrades such as paint, gardening, etc. There is also opportunities for additional income through adding communal washers and dryers on site.
Status
Open
Created
January 11, 2023 - 12:50am
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