Loan amount
$400,000
Loan type
As-Is Property Value
$1,000,000
LTV
40%
{LTV}
Property type
Mixed
Borrower Details
Credit score
550
Deal experience
20 deals
This loan scenario was submitted by a Broker
Property Details
State
Iowa
Loan Details
Additional Loan Information
Buy and hold for income. Apartments, house and 20 commercial buildings on 43 acres. Needs rehab. Apartments and house are livable can be rented. The other buildings are vacant need some work. $200K rehab budget. Purchase price $400K. Appraised value $1.1M as-is. ARV $2M. Under Contract; closing 2-1-2020. Two year loan interest only with a balloon at payoff. Location Keokuk, Iowa.
Status
Closed
Created
January 11, 2020 - 9:55am
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