Loan amount
$495,000
Loan type
As-Is Property Value
$1,115,000
LTV
45%
{LTV}
Property type
Single family homes (10)
Borrower Details
Credit score
710
Deal experience
6 deals
This loan scenario was submitted by a Broker
Property Details
State
Texas
Loan Details
Additional Loan Information
Portfolio of 10 rented properties than need to be rehabbed and rent increased. Purchase is $595K for all 10 properties. $150K total in rehab ($15K each) and $1.115M ARV for them all. Already in contract. Properties located in Corsicana, TX. Current monthly rental income about $6K; proforma about $11K. Loan duration 6-12 months. I am a broker representing my client.
Status
Closed
Created
May 27, 2020 - 1:28pm
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