Loan amount
$700,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$2,200,000
{PP:$1,200,000}
LTV
32%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
638
Deal experience
100 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Savannah
State
Georgia
Loan Details
Purchase price
$1,200,000
Down payment
$500,000
Additional Loan Information
I have multiple projects and tons of experience. I am switching from our previous lenders, because they pull credit on each deal and it has hurt our credit badly. Each deal is a $1mm plus. One is 95% complete, one is 75% complete and the other is about 8 months out. Each project has more cash and equity already than what we are asking for in the loan.
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
February 15, 2024 - 3:08pm
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