Loan amount
$12,995,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$18,000,000
{PP:$13,000,000}
LTV
72%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
670
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
New York
State
New York
Loan Details
Purchase price
$13,000,000
Down payment
$5,000
Additional Loan Information
The real estate is situated at XXXXXXXXXXXX It does consist of 100 units. Fifty of those can be sold out of the portfolio for $6,500,000. The 100 units cost $13,000,000 and that price is certainly negotiable. The equity amounts to $4,950,000. Please loan me $14,000,000 so that I can purchase the units, add more value to those, and keep renting the units.
The renovations amount to $50,000 and the ARV amounts to $18,000,000. The real estate amounts to 45,000 square feet. There are tenants living in the building. The area is very nice and the schools will be highly beneficial to the kids.
The renovations amount to $50,000 and the ARV amounts to $18,000,000. The real estate amounts to 45,000 square feet. There are tenants living in the building. The area is very nice and the schools will be highly beneficial to the kids.
Status
Open
Created
November 3, 2021 - 9:16pm
Hard Money Lenders Now Offering Real Estate Investor Loans in New York Buffalo | Rochester | Yonkers | Syracuse | Albany | Spring Valley Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans