Loan amount
$333,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$500,000 {PP:$203,000}
ARV
67% {ARV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
640
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Toledo
State
Ohio
Loan Details
Purchase price
$203,000
Down payment
$40,000
Cost of improvements
$170,000
Estimated property value after repairs
$500,000
Additional Loan Information
Take a property that is at the beginning of gentrification and provide great housing for young/solo professionals that want to live in and around Downtown Toledo. We are updating and refreshing both buildings to be up to modern standards.
Building has 12 units and 1 commercial space. Some renovations have been started.
Status
Created
March 8, 2022 - 2:11pm

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