Loan amount
$80,000
Loan type
As-Is Property Value
$110,000
LTV
73%
{LTV}
Property type
Single family homes (4)
Borrower Details
Credit score
670
Deal experience
6 deals
This loan scenario was submitted by a Broker
Property Details
State
West Virginia
Loan Details
Additional Loan Information
I currently own 4 properties located in Montgomery WV worth a combined $110K. Approximately $80K owed. Rental income of $2,075. All properties are rented. Loan is to buy out of an owner-finance contract I’m in so I can switch everything to an LLC and out of my name. Flexible on loan term. 3 of the houses are on one deed and tax appraisal is $75,400 and the other house is $30,200; but the 3 are worth more if I separated them, 2 are worth $30,000 each and the bigger home about $58,000. (updated re-submission)
Status
Closed
Created
January 15, 2020 - 10:18am
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