Loan amount
$3,350,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$4,300,000 {PP:$3,500,000}
LTV
78% {LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
680
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Pittsburgh
State
Pennsylvania
Loan Details
Purchase price
$3,500,000
Down payment
$150,000
Additional Loan Information
I am in the market for a 16-40 unit apartment complex, which I want to take over, improve to the greatest extent possible, raise rents, and cash flow. I have 16 years business experience (my own companies), and am pivoting into RE. Have taken hard money / working capital for my companies, have always paid in full. Have detailed records.
Status
Created
January 21, 2023 - 9:26am

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