Long-Term Rental

pawtucket-ri

Don’t Miss This Multifamily Purchase in Pawtucket, RI!

Borrowers are under contract to acquire the subject property for $600k with intentions of holding it long-term as an income property. Subject is a 6-unit multi-family. Both sponsors on the loan held excellent credit and bank statements that reflected just under $1,100k in liquidity. The loan was structured and priced in accordance with the qualification …

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Take A Look at This Property In Amityville, NY!

Repeat borrower looking to refinance debt on 6 properties and put a cash-out to fund other investments. Collateral generates a combined total of $19,200 per month in rents. Properties appraised for a combined $2,276k As-Is. Sponsor on the loan has good credit of 730 with bank statements upwards of $152k in assets/liquidity. Total loan amount …

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