Mortgage lead for Residential loan in Houston, TX, 77006

Loan Request for Residential loan in Houston, TX, 77006

Request #3702071 by Lender

Date Posted

7/29/2024 4:12:21 AM

Property at

Houston, TX, 77006, USA Show Map

Borrower at

Property Type

Residential

Property Value

$6,000,000

Loan Request

$4,500,000

LTV

75 %

Credit Rating

630-639

Loan Purpose

Property Purchase

Purpose

*PROPERTY ADDRESS:: 1515 South Blvd. Houston, TX 77006 *PROPERTY DETAILS:: BEDROOMS: 6 Bedrooms BATHROOMS: 7 Full Bathrooms 3 Half Bathrooms LIVABLE Sqft: 10,812sqft. LOT SIZE: 45,267sqft. or 1.039 Acres GARAGE: 4 Car YEAR BUILT: 1926 *PROPERTY DESCRIPTION:: CLOSING DATE: 08/15/2024 LOAN TYPE: Bridge Loan (Funds to Purchase Property) EXIT STRATEGY: Refinance PURCHASE AMOUNT: $5,950,000. REHAB /CONSTRUCTION BUDGET: N/A CURRENT AS-IS VALUE: $5,950,000. LOAN AMOUNT REQUESTED: $4,500,000. TERM OF THE LOAN REQUESTED: 12-24 Months MONTHLY HOA: $335. MONTHLY INSURANCE: $1,239. MONTHLY TAXES: $4,869. *EST. RENTAL INCOME:: -SHORT TERM RENTAL: (AirDnA) Avg. Daily Rate: $765. Occupancy: 55% Est. Annual Income: $154,037 -STANDARD MONTHLY RENTAL: *Est. Monthly Rental Income: $44,500.

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Loan Request for Residential loan in Houston, TX, 77006