Loan amount
$345,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$454,000
{PP:$345,000}
LTV
76%
{LTV}
Property type
Single Family
Borrower Details
Credit score
550
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Concord
State
New Hampshire
Loan Details
Purchase price
$345,000
Down payment
$0
Additional Loan Information
I'm looking for gap funding. I have a loan in place to purchase this property that has significant equity in it at purchase and is already occupied by tenants. I need funding for the down payment and closing costs and a few minor repairs to the property which amounts to 108000. My exit strategy is to refinance the property. I will also be selling my primary residence in the spring and will be using the proceeds to pay off the loans on this property.
Status
Closed
Created
August 29, 2024 - 3:34pm
Hard Money Lenders Now Offering Real Estate Investor Loans in New Hampshire Manchester | Nashua | Concord | Dover | Rochester | Keene Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans