Loan amount
$960,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$700,000
{PP:$1,200,000}
LTV
137%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
812
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Dayton
State
Ohio
Loan Details
Purchase price
$1,200,000
Down payment
$240,000
Additional Loan Information
The property value given is the tax assessed value. Looking for LTV 20% or less.
The property is used as office space for multiple tenants and is currently leased at 71% located uptown in Dayton, OH. Cap rate allows for
Considering multifamily unit conversion of upper floors for mixed use or as is rent and hold options due to the location.
At this point mostly looking for better financing options available against an offer received through a mortgage broker.
The property is used as office space for multiple tenants and is currently leased at 71% located uptown in Dayton, OH. Cap rate allows for
Considering multifamily unit conversion of upper floors for mixed use or as is rent and hold options due to the location.
At this point mostly looking for better financing options available against an offer received through a mortgage broker.
Status
Open
Created
February 20, 2022 - 9:34pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Ohio Columbus | Cleveland | Cincinnati | Toledo | Akron | Dayton Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans