Loan amount
$9,785,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$13,000,000
{PP:$9,785,000}
LTV
75%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
674
Deal experience
4 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Fort Smith
State
Arkansas
Loan Details
Purchase price
$9,785,000
Down payment
$0
Additional Loan Information
Looking at 8 properties total priced at $9,785,000 before doing any negotiations. Looking to try to get it down $8,427,000 once have funding 6 of the properties have section 8/hud contracts going off the reported hud 2024 price comes in at $13,000,000 @ 9% cap rate.
Status
Open
Created
December 16, 2023 - 2:51am
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