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Updated over 7 years ago,

User Stats

9
Posts
0
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Vinay Nair
  • Detroit, MI
0
Votes |
9
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Rental portfolio finance

Vinay Nair
  • Detroit, MI
Posted

I have been offered a rental portfolio loan with following and not sure it is a good deal. Can someone guide me?

20 single family rentals valued at 1.6m

60% ltv

20k expense related to appraisal and title and due diligence

1% origination fee

Rate : 3.9 + 5 year swap rate (1.9)

Loan term 5 year with 30 year amortization 

Recourse loan

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