Loan amount
$100,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$230,000 {PP:$140,000}
LTV
43% {LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
748
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Cleveland
State
Ohio
Loan Details
Purchase price
$140,000
Down payment
$40,000
Additional Loan Information
There is a 6 unit apartment building that I'm looking at. The ad states it currently makes 3500 a month with room to raise the rents. It is listed at 230k but has been on the market over a year so I plan to bid lower.
Status
Created
October 24, 2023 - 9:23pm

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