Loan amount
$492,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$702,000
{PP:$615,000}
LTV
70%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
600
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Lansing
State
Michigan
Loan Details
Purchase price
$615,000
Down payment
$123,000
Additional Loan Information
We are selling our current 2 unit and realizing a gain. We would like to reinvest the gains into a 7 unit deal in Lansing Michigan.
Status
Open
Created
August 15, 2023 - 10:12pm
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