Loan amount
$2,700,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$4,000,000 {PP:$2,200,000}
ARV
68% {ARV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
650
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Brooklyn
State
New York
Loan Details
Purchase price
$2,200,000
Down payment
$500,000
Cost of improvements
$1,000,000
Estimated property value after repairs
$4,000,000
Additional Loan Information
Im looking to purchase a value add mixed use property. It has 6 units 4 residential and 2 commercial the asking price of the property is 2,200,000 and the expected rehab is 1,100,000 the expected ARV is $4,150,000 I plan to rent out and refinance.
Status
Created
February 21, 2023 - 9:29am

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