Loan amount
$50,000
Loan type
As-Is Property Value
$110,000
LTV
46%
{LTV}
Property type
Apartment building
Borrower Details
Credit score
530
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Indiana
Loan Details
Additional Loan Information
4-unit apartment building. 2 2bd, 1ba, 2 1bd, 1ba. Looking to purchase for $25K. $0 down. Needs roof, windows, some electrical. Renovation budget $13K plus funds towards other improvements. 90-120 day timeline. ARV $110K. Have renters interested in 2 units. Plan to occupy one unit myself, at least temporarily. Not yet in contract. Property located in Butter, IN. Estimated total monthly rental income $1,800. Looking for 36 month loan.
Status
Closed
Created
August 1, 2020 - 8:20am
Hard Money Lenders Now Offering Real Estate Investor Loans in Indiana Indianapolis | Fort Wayne | Evansville | South Bend | Carmel | Fishers Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans