Loan amount
$2,200,000
Loan type
Purchase
{Rent&Hold}
Property value
$3,900,000
{PP:$2,200,000}
LTV
56%
{LTV}
Property type
Multi-Family 5+ Units
Credit score
600
Deal experience
6 deals
This loan scenario was submitted by a Broker
No
City
Morgantown
State
West Virginia
Purchase price
$2,200,000
Down payment
$0
Additional Loan Information
47 unit (2 vacant). $39,000 monthly gross
$11,000 monthly NET
Purchase price 2,200,000. Seller needs 1,900,000 to pay off current mortgage. Willing to seller carry remainder of purchase price. I’m seeking a lender to fund this deal short term until I can refi with the rest of my portfolio.
$11,000 monthly NET
Purchase price 2,200,000. Seller needs 1,900,000 to pay off current mortgage. Willing to seller carry remainder of purchase price. I’m seeking a lender to fund this deal short term until I can refi with the rest of my portfolio.
Status
Pending review: Please check your email. We will be sending you follow-up questions, if needed. Be sure to check your spam folder.
Created
June 7, 2024 - 10:43pm
Hard Money Lenders Now Offering Real Estate Investor Loans in West Virginia Charleston | Huntington | Morgantown | Parkersburg | Wheeling | Fairmont Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans