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Purchase Loan in Illinois

  • Posted on October 15, 2017
  • Status: Inactive ?

Loan & Collateral

Loan TypePurchase
Security1st Mortgage
Loan Amount$197,000
Collateral Value$250,000
Available Downpayment$35,000
Calculated LTV79% ?
CityMarion
StateIllinois
Property TypeMultifamily

Exit Strategy

I plan on refinancing the properties.

Loan Proceeds

I have 20% down. The properties that are for sale are currently priced at 32800-Triplex, 36000-Duplex, 36000-Duplex, 60,000-Duplex and 68500-Four units. Total- 197,000

Borrower

ApplicantErica Thompson
Agency?Borrower
OrganizationThompson Properties LLC
Credit Grade Inactive ?
Phone Number Inactive ?

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Private Money in Illinois

The MoolahList hard money directory lists 84 lenders in Illinois

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