Loan amount
Loan type
As-Is Property Value
19% {LTV}
Property type
Borrower Details
Credit score
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
New Jersey
Loan Details
Additional Loan Information
I desire to replace my roof and renovate my attic. The attic is open where I can create another apartment there. My property is VERY valuable and this would create about another $12,000 added to rental roll annually. I have a current rent roll of $3,200 monthly which is about $38,400 annually. Currently, I occupy the basement which is a 2 bedroom apartment with 4 piece bathroom (tube included). There is an FHA mortgage since 1/2018 on property with a balance of $272,000.

August 19, 2019 - 1:41pm

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