Loan amount
$175,000
Loan type
As-Is Property Value
$300,000
LTV
59% {LTV}
Property type
3 unit apartment building
Borrower Details
Credit score
650
Deal experience
4 deals
This loan scenario was submitted by a Broker
Property Details
State
New Hampshire
Loan Details
Additional Loan Information
I have owned this building for 10+ years and recently renovated the apartments (hardwood floors, new washers and dryers and appliances) and have been able to increase the rent roll to $3,700.00/month. The property is in Rindge, N.H.on the Mass./NH border. Due to settling my parents' Estate, I am seeking first mortgage financing on this building. There are no loans on, or against, the property. Duration sought is 1 year.
Status
Created
October 26, 2019 - 8:58am

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