Loan amount
$107,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$160,000
{PP:$143,000}
LTV
67%
{LTV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
595
Deal experience
5 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Fort Smith
State
Arkansas
Loan Details
Purchase price
$143,000
Down payment
$36,000
Additional Loan Information
3 unit next to a hospital, 1 unit is currently leased borrower is going to update the other 2 units after purchase so she can maximize the rent. Borrower has reserves and high paying employment, credit is low due to student loans No lates NO collections.
Status
Closed
Created
November 7, 2024 - 9:14am
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