Loan amount
$270,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$315,000
{PP:$300,000}
LTV
86%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
650
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Calumet
State
Michigan
Loan Details
Purchase price
$300,000
Down payment
$30,000
Additional Loan Information
The property is a historic unit with a retail store on the first floor which is rented and 7 total apartments, 4 on floor 2 and 3 on floor 3, all units are currently rented. We will live in one of the units.
Status
Open
Created
February 2, 2024 - 9:23pm
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