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

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Contact me at financiallimited@aol.com if you are still seeking for this loan.

Dear
I am sorry. I ask the loan

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The help is necessary. I ask about the help.

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Sincerely
Kostylev Alexander.
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Email: alekskkost5@yahoo.com
My private phone no: +79631818912
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Age: 34 year
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