Property Type: Multifamily Apartment Building Converted From 16 to 24 Bedrooms and Includes 1 Garage
Loan Type: Acquisition Plus Construction / Rehab
Loan Amount: $2,800,000
Term: 24 Months Interest Only and Includes 6 Month Extension Options
Interest Rate Options: 10.95% (or) 9.75%
Lender Fees Options: 1.50% (or) 2.50%
LTC: 91%
Rehab Line: 1) 100% of Soft and Hard Costs, 2) $50,000 Lender Advance At Closing
Prepayment Penalty: NONE!
Time to Close: 22 Days!!
