Loan amount
$1,000,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$1,100,000
{PP:$1,050,000}
LTV
91%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
700
Deal experience
4 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Conway
State
New Hampshire
Loan Details
Purchase price
$1,050,000
Down payment
$50,000
Additional Loan Information
11 unit multi-family property consisting of eleven, two bedroom townhouse style apartments currently rented below market value. Average rents in building are about $850 a month and the market would support anywhere from $1,100 - 1,250 per month for the same units. I currently own an 8 unit mixed use building which I purchased 4 months ago, a three unit mixed use building with a laundromat that I operate which I purchased 16 months ago, I bought and sold two parcels of land from town tax auction for profit in the last twelve months and I sold a 2 unit multi family home 13 months ago for a 35% return on my investment after two years of ownership. I am also a Realtor licensed in Maine and New Hampshire.
Status
Open
Created
July 8, 2021 - 9:26pm
Hard Money Lenders Now Offering Real Estate Investor Loans in New Hampshire Manchester | Nashua | Concord | Dover | Rochester | Keene Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans