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Updated about 5 years ago on . Most recent reply

User Stats

26
Posts
3
Votes
Oleg Korolov
  • Real Estate Agent
  • Los Angeles, CA
3
Votes |
26
Posts

Stated income loan in Pittsburgh, PA

Oleg Korolov
  • Real Estate Agent
  • Los Angeles, CA
Posted

Hey guys,

I wanted to reach out to you about a potential loan for a property me and my partner are purchasing in Pittsburgh, PA. It's an investment property, row house with 4 bed 2 bath in a high rent demand area of town. We have it under contract at $100K. At this pointof time I don't believe we would qualify for a conventional financing, but we would prefer not to do hard money for this project since we are planning on keeping it as rental, so ideally we would get a loan for 15 or 30 years. We're willing to provide 20% down payment plus closing costs, of course, and if needed to use some properties my partner has as a collateral. Let me know if you guys are working with these types of scenarios or not. I appreciate your time.

Sincerely,

Oleg Korolov

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