Loan amount
$92,000
Loan type
As-Is Property Value
$95,000
LTV
97%
{LTV}
Property type
Duplex
Borrower Details
Credit score
710
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
New York
Loan Details
Additional Loan Information
I am looking to acquire a duplex located near me, Chazy, NY. I own a small, sole proprietor, business that specializes in complete home renovations. I'm looking to diversify and take on forms of passive income. The dwelling was Assessed at $72,000 in 2019. It is on Zillow currently for $95,000. I would like to buy the property for $84,000 and put $3,000 in to Rehab. I am looking for a loan of $87,000. With a down payment of 5-10% if need be.
Status
Closed
Created
April 13, 2020 - 10:01am
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