The ask price is $795K. The 25 units are spread over 3 buildings adjacent to each other. Can anyone help please!!!
LenderBuddy
Jul 15 2006, 12:23 AM
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
Jul 15 2006, 02:25 AM
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
Sep 15 2006, 09:34 AM
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
Sep 15 2006, 11:30 AM
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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