7% APR on 64% LTV for a 5 unit Multi-Tenant in FL

[Geo K.]

Great loan opportunity on a 5 Unit Multi-Tenant property in Winter Haven, FL. We have a professionally made CMA and the borrower is paying for an independent appraisal of your choice.

The property is being purchased at $100K, the borrower is putting $30K down.

The loan is for 70K, 5K are filled by my company which is servicing the loan:

• 65K at 7% loan managed by us, interest paid monthly, balloon payment at maturity at 5 years
• 64% Loan-to-Value
• 1st Position Lien
• Property produces $2,250 dollars rent per month
• Collateral of Rent assignment in place for protection
• In case of default, we will handle/manage the rent collection to continue paying the loan.
• The loan is signed personally

If interested, send me a PM and I will send you the CMA and a presentation with more details.