Loan amount
$70,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$110,000
{PP:$95,000}
LTV
64%
{LTV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
712
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Utica
State
New York
Loan Details
Purchase price
$95,000
Down payment
$25,000
Additional Loan Information
So this is my childhood home. My grandmother wouldn’t sell it to me. She sold it to someone else and I have a deal worked out with them to pay $95k if I can come up with the cash. I plan on renting out both units and never selling the property. I have up to 43,000 to put into this deal if necessary.
Status
Open
Created
March 12, 2022 - 3:59am
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