$200K Loan to Buy Rental property in Rochester, NY

[Neil Advani]

EXECUTIVE SUMMARY

 

Purchase of a Portfolio of 12 Properties (19 Units) of NOO Residential Rental Properties in  Rochester,  and Syracuse NY

Purchase price (Incl Minor Rehab) + Closing = $343K; Zillow Estimated Value = $444K; Down Pmt = $100K

Loan Amount $250K

LTC = 73%

LTV =56%

Portfolio can be reduced to decrease Loan Amount and LTC/ LTV if required by Lender

See attached Excel sheet for Property details

Gross Monthly Rent = $12,000 Expenses = $3750; Debt Service = $2100

Cash Flow After Debt Service = $6176 per month

Loan Term desired 36-60 Mths Interest Only

Exit Strategy: Refinance with a Long term Conventional Loan since cash Flows are Great and Borrower has excellent credit (740 Mid Score) and has Property Management experience, Owns a Pest Control Company in NY city and Tax Returns show Income of $75K; Net Worth is $500K; Brother is a RE Broker is California with extensive Property Management experience

[Victoria Nelson]

Contact me at [e-mail] if you are still seeking for this loan.

[Alexander Kostylev]

Dear
I am sorry. I ask the loan

I beg you. Help. The father in resuscitation. Operation is necessary. A brain tumour.

The help is necessary. I ask about the help.

I ask help 20 thousand dollars for one month. Pledge my apartment. Under percent.

I the fair person.

I BEG YOU. FOR GOD'S SAKE. Help. I will return. I swear.

Help I ask.

I will return at once with percent.

I wait.

Sincerely
Kostylev Alexander.

Sincerely
Kostylev Alexander.
Russia. 660,062. Krasnoyarsk.
Street Visotnay 2. str 1. room 418.
Email: [e-mail]
My private phone no: [phone]
My private fax no: [phone]
Occupation: Adviser.
Age: 34 year
Single.
Sex: Male.
Skype; Alekskkost5