Loan amount
$1,800,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$2,950,000
{PP:$1,650,000}
ARV
61%
{ARV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
850
Deal experience
13 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Bremerton
State
Washington
Loan Details
Purchase price
$1,650,000
Down payment
$100,000
Cost of improvements
$250,000
Estimated property value after repairs
$2,950,000
Additional Loan Information
12 units need new cabinets, floors, appliances.
Fire system already installed, new windows and flashing complete.
Needs new roof next few years.
Electric and plumbing permits are open.
50% occupied while renovation begins at least some income is coming in.
I have a 9 unit complex about 10 blocks away I did studs out Reno, rented, refinanced and hold still zero vacancy. Would love to do this property to hold as well
Fire system already installed, new windows and flashing complete.
Needs new roof next few years.
Electric and plumbing permits are open.
50% occupied while renovation begins at least some income is coming in.
I have a 9 unit complex about 10 blocks away I did studs out Reno, rented, refinanced and hold still zero vacancy. Would love to do this property to hold as well
Status
Open
Created
February 14, 2024 - 6:59am
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