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