Loan amount
$672,000
Loan type
As-Is Property Value
$713,000
LTV
95%
{LTV}
Property type
Multi-family
Borrower Details
Credit score
612
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Illinois
Loan Details
Additional Loan Information
3 unit multi-family currently valued at $559K for the purchase price of $535,984. Long-term investment holding. Occupying 1 unit and renting 2 units after rehab work. Property located in Mount Prospect IL 60056. Not yet in contract. Can provide down payment of $1,200. Renovation budget $111K. ARV $713K. Monthly rental income of $3,000. Loan duration 9-12 months.
Status
Closed
Created
April 14, 2020 - 5:18pm
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