Loan amount
$176,500
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$235,000
{PP:$235,000}
LTV
75%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
805
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Hagerstown
State
Maryland
Loan Details
Purchase price
$235,000
Down payment
$58,750
Additional Loan Information
A large sub-divided home, 3 efficiency’s, 1-1 bedroom, 1-2 bedroom with monthly rents approx $3450 when full, now has 3 occupied, one just renovated and ready to rent $850 and 3 rented @$650 each. One efficiency will be renovated by closing $650 monthly rent. Already have interested tenant for the 2- bed unit @ $850.
Status
Open
Created
March 22, 2021 - 2:12pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Maryland Baltimore | Frederick | Rockville | Gaithersburg | Bowie | Hagerstown Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans