Loan amount
$239,500
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$300,000
{PP:$299,000}
LTV
80%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
773
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Louisville
State
Kentucky
Loan Details
Purchase price
$299,000
Down payment
$59,800
Additional Loan Information
Accepted sales contract on a fully leased multifamily in a high demand neighborhood/area. The value of this property is greater than the purchases price especially after some improvements. Similar style properties have sold for greater than $400,000 in this area. Current gross rents are $3,980 per month.
Status
Open
Created
January 13, 2021 - 12:35pm
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