Loan amount
$12,000
Loan type
As-Is Property Value
$52,000
LTV
24%
{LTV}
Property type
Mobile home
Borrower Details
Credit score
590
Deal experience
35 deals
This loan scenario was submitted by a Broker
Property Details
State
Michigan
Loan Details
Additional Loan Information
Pay off in two years. Will rent it out for $450/month. I already own 20 units. Looking for another one to add to my portfolio. It is bank owned so need cash. Purchase price is $12K. I can include one of my paid-off units as collateral worth $40K.
Status
Closed
Created
September 16, 2019 - 8:07pm
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