Loan amount
$240,000
Loan type
As-Is Property Value
$330,000
LTV
73%
{LTV}
Property type
Multi-family
Borrower Details
Credit score
690
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Maryland
Loan Details
Additional Loan Information
Townhome located in Baltimore. Currently divided into 3 rental units. Agreed purchase price $180K. In contract. Renovation cost $60K in order to renovate units, add a laundry room, and other updates required by law. Renovation timeline of 45-75 days. ARV $330K. $4,200 combined rental income total for 3 units. Will rent all units. Loan duration of 12 months.
Status
Closed
Created
February 24, 2020 - 3:45pm
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