Loan amount
$200,000
Loan type
As-Is Property Value
$990,000
LTV
21%
{LTV}
Property type
Apartment building
Borrower Details
Credit score
790
Deal experience
2 deals
This loan scenario was submitted by a Broker
Property Details
State
Illinois
Loan Details
Additional Loan Information
I own a 6 unit apartment building free and clear. Looking for a loan so I can fully remodel it and get more tenants in the building. Estimated value after renovation should be more than $1M. The property is located in Chicago, Illinois 60649. Monthly rental income would be 1200 per unit. Flexible on loan duration.
Status
Closed
Created
April 25, 2020 - 10:56am
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