Loan amount
$750,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$1,200,000
{PP:$850,000}
LTV
63%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
750
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
North Adams
State
Massachusetts
Loan Details
Purchase price
$850,000
Down payment
$100,000
Additional Loan Information
We are already 25% owners in the building and have put in $300K of work and have another $120K of materials on the site. We would like to buy out our partners using as much of our our current equity as possible, renovate as a mixed use property, lease, and refi.
Status
Open
Created
March 8, 2021 - 10:57am
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