Loan amount
$6,800,000
Loan type
As-Is Property Value
$6,800,000
LTV
100%
{LTV}
Property type
Single family portfolio (140)
Borrower Details
Credit score
500
Deal experience
5 deals
This loan scenario was submitted by a Broker
Property Details
State
Alabama
Loan Details
Additional Loan Information
Fully rented 140 single family rental portfolio at half price. Properties located in Montgomery, AL. Plan is to purchase in bulk and sell with owner financing to current tenants when possible. Purchase price $6,839,100. Seeking a JV Partnership or 100% LTC Funding. Not yet in contract. Estimated monthly rental income $105,800. 12 month loan duration. (corrected re-submission)
Status
Closed
Created
March 2, 2020 - 8:41am
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