Loan amount
$750,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$800,000
{PP:$800,000}
LTV
94%
{LTV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
700
Deal experience
4 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Grand Rapids
State
Michigan
Loan Details
Purchase price
$800,000
Down payment
$50,000
Additional Loan Information
The house I am looking at is currently 4 beds 3 baths. I want to make it into 3 different units.
2 beds 1 bath $2200 monthly
1 bed 1 bath $1500 monthly
1 bed 1 bath $1500 monthly
I had rents and hold before that we sold already. I only have $50k cash as a down payment and it is a larger project as the purchase price is $800,000.
2 beds 1 bath $2200 monthly
1 bed 1 bath $1500 monthly
1 bed 1 bath $1500 monthly
I had rents and hold before that we sold already. I only have $50k cash as a down payment and it is a larger project as the purchase price is $800,000.
Status
Open
Created
November 3, 2021 - 4:24pm
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