Loan amount
$130,000
Loan type
Purchase
{Rent&Hold}
Property value
$175,000
{PP:$175,000}
LTV
74%
{LTV}
Property type
Multi-Family 5+ Units
Credit score
650
Deal experience
6 deals
This loan scenario was submitted by a Broker
No
City
Sault Ste Marie
State
Michigan
Purchase price
$175,000
Down payment
$45,000
Additional Loan Information
This is a buy and hold project under contract with a January 31, 2024 close. It is multi-family (5-unit) fully rented at this time. Lending is in place; however, I would like to borrow the down payment amount of 20% on the purchase price of $175,000. Awaiting the appraisal at this time.
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
January 2, 2024 - 12:31pm
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