Closed on units 11 and 12

[Evan Bellingar]

Well BP:

My wife and I closed on units 11 and 12 yesterday!

This property was interesting as it was a large, grand single family house on a big lot that also has a nice manufactured home on it. The manufactured home made it hard to finance and I think it scared some buyers off. 

We did our first commercial loan to close it, and the process was actually much easier than previous loan applications. 

Purchase price of $281,000 about $10,000 in repairs needed, and total rents should be about $3,000. For a suburb of Portland Oregon, a great deal. 

How about that?

Evan