Loan amount
$275,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$400,000
{PP:$290,000}
LTV
69%
{LTV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
620
Deal experience
8 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Connersville
State
Indiana
Loan Details
Purchase price
$290,000
Down payment
$15,000
Additional Loan Information
Portfolio of 8 properties 13 units in same neighborhood. Would like to use equity from nearly paid for property to supplement down payment if possible as several of the units need cosmetic updates to bring rents to market rate.
Status
Open
Created
January 20, 2022 - 5:54pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Indiana Indianapolis | Fort Wayne | Evansville | South Bend | Carmel | Fishers Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans