Loan amount
$225,000
Loan type
As-Is Property Value
$375,000
LTV
60%
{LTV}
Property type
Multi-family
Borrower Details
Credit score
570
Deal experience
5 deals
This loan scenario was submitted by a Broker
Property Details
State
Oregon
Loan Details
Additional Loan Information
4-unit, residential apartment building, owner occupied. Purchased in 2004 straw purchase with mother as purchaser. Loan to be refinance to payoff Mom's existing loan and to add me to title. This property is income generating and will be held. Current loan balance $196K. Gross monthly rental income $3,090. Property located in Salem, OR. I am looking for a fixed rate 30-year amortization with a 12 to 36 month balloon.
Status
Closed
Created
February 16, 2020 - 10:13am
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