6-unit Purchase Loan for $108k

[Royal Rose Properties]

Buying a performing 6-unit building in Detroit for $135k, looking for 80% LTV loan

[Arnold Walker]

Please provide more information. Can provide a 80% loan. Does the building need some rehab?

Regards,

Phillip Walker

Stone Creek Financial Services

707-342-0872

[e-mail]

[Royal Rose Properties]

No rehab needed.

Annual Property Tax $2700

Annual Insurance $1500

Annual Rents $30,000

What else do you need to know please?

[Tom wood]

Hello i am Thomas Wood a mortgage broker, i can get you a legitimate lender who can fund your deal only if you are still interested, please contact me on [e-mail] 

[Royal Rose Properties]

Thanks! We're interested as long as there are no upfront broker fees.

[Simmy Ahluwalia]

Hi, are you still looking for financing on this 6-unit?  You probably won't get 80% in Detroit.  More like 70% LTV.