Loan amount
$245,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$270,000 {PP:$270,000}
LTV
91% {LTV}
Property type
Mobile Home Park
Borrower Details
Credit score
820
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Connelly Springs
State
North Carolina
Loan Details
Purchase price
$270,000
Down payment
$25,000
Additional Loan Information
Property has 1 stick built SFH and 4 mobile homes. Seller wishes to sell all together. I am looking to purchase as my first long term real estate investment. All residences are in great condition and are all currently tenant occupied. Rental income is good and has potential to be increased if needed. Want to make an offer ASAP but need pre-approval letter to book a viewing. I have been pre-approved for another deal that didn't work out on the seller's side with another company but have not consulted them on this deal yet because of the mobile homes on the property.
Status
Created
February 18, 2022 - 3:42pm

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