Loan amount
$280,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$300,000
{PP:$279,900}
LTV
93%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
553
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Pine Bluff
State
Arkansas
Loan Details
Purchase price
$279,900
Down payment
$0
Additional Loan Information
Great apartment complex. 10 units. Apartment building is turnkey and doesn't need any maintenance. Potential to increase rents. Low expenses. Tons of new development is coming to the area, including a big casino. Roof was replaced within the last couple of years. Will generate a 15%+ net return on investment.
Status
Open
Created
June 16, 2021 - 3:58pm
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