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Full Version: Can anyone do 100% financing for 25 unit in Ohio!
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investor786110
The ask price is $795K. The 25 units are spread over 3 buildings adjacent to each other. Can anyone help please!!!
LenderBuddy
You have to provide more information than this to get a meaningful response. What kind of property is this? Apartments? Assisted care facility? What are the annual income and expenses? Occupancy status etc. Generally 100% financing is not available but there are exceptions. More information please.
investor786110
The property details are the following:

-25 unit apartment in Ohio, $795K
-Fully occupied
-Gross cash flow of $122K
-Still waiting on details of expenses from seller
-Apartments are spread over 2 buildings adjacant to each other, not 3 buildings

Personal info:
-Mid FICO of 764
-Debt to income ratio of 39.5%

Please let me know if you need more info.

Thanks.
htownlender
QUOTE(investor786110 @ Jul 13 2006, 11:13 PM) *

The ask price is $795K. The 25 units are spread over 3 buildings adjacent to each other. Can anyone help please!!!



I have lender that give you 90%LTV.
MIKE MTG BROKER
QUOTE(investor786110 @ Jul 13 2006, 09:13 PM) *

The ask price is $795K. The 25 units are spread over 3 buildings adjacent to each other. Can anyone help please!!!



If the property will appraise for 10% more than the asking price, can do the loan.

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