Loan amount
$430,000
Loan type
As-Is Property Value
$650,000
LTV
67%
{LTV}
Property type
Multi-family
Borrower Details
Credit score
664
Deal experience
22 deals
This loan scenario was submitted by a Broker
Property Details
State
Ohio
Loan Details
Additional Loan Information
We have created a LLC partnership on a 18-unit apartment complex with 3 partners (siblings) 5 yrs ago. As of Dec 31st, we bought out a 33.3% partner making a 50/50 LLC with two siblings and now me and my wife want to buyout for 100% ours with same llc, and refinance the mortgage of $330,000 plus 50% partner of $80,000. 90%+ capacity yr over yr gross $110K, net $56K and a mortgage of $30K makes a net $26K profit after all cost.
Status
Closed
Created
April 11, 2020 - 10:14am
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