Loan amount
$2,000,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$2,600,000
{PP:$2,200,000}
LTV
77%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
680
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
New Orleans
State
Louisiana
Loan Details
Purchase price
$2,200,000
Down payment
$200,000
Additional Loan Information
Looking to purchase 24 unit building.
28k NOI. ENOUGH TO REPAY, INSURANCE AND MAINTENANCE AS WELL AS PROFESSIONAL MANAGEMENT IN PLACE AND WILLING TO STAY ON.
28k NOI. ENOUGH TO REPAY, INSURANCE AND MAINTENANCE AS WELL AS PROFESSIONAL MANAGEMENT IN PLACE AND WILLING TO STAY ON.
Status
Open
Created
April 2, 2024 - 9:22pm
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