Loan amount
$425,000
Loan type
As-Is Property Value
$560,000
LTV
76%
{LTV}
Property type
4-unit residential
Borrower Details
Credit score
665
Deal experience
8 deals
This loan scenario was submitted by a Broker
Property Details
State
Massachusetts
Loan Details
Additional Loan Information
Well located 4-unit investment property currently under contract for $525k. Currently fully occupied generating $4200 monthly income in a strong rental area. Only needs minor cosmetic improvements to be valued at $600k, and increasing rental income to approx $5200 monthly. I am putting in the remaining $100k in cash down. The property is located in Methuen, MA. 12 month short term loan.
Status
Closed
Created
February 11, 2020 - 2:35pm
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