Loan amount
$40,000
Loan type
As-Is Property Value
$75,000
LTV
54% {LTV}
Property type
4 unit apartment building
Borrower Details
Credit score
602
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Illinois
Loan Details
Additional Loan Information
The property is owned. No mortgage. I need to make major repairs to prepare to rent at market value. I was recently informed that I am the primary owner of the family owned 4 unit apartment building. All previous tenants we're elderly and did not maintain the building. I want to fix and rent each unit at Marley value.
Status
Created
September 20, 2019 - 2:56pm

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