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02-05-2019, 08:30 AM #1
Non-recourse re-fi loan for self-directed IRA real estate investor - ARM maturing
Terms and pricing requested, please.
Deal Scenario --
Non-recourse loan for self-directed IRA real estate investor
Refinance of 5/1 ARM coming due on 10 SFR condo units in development located in Portsmouth, VA
90% Occupancy (9 units cash flowing / 1 unit in process of placing new tenant) / 1.74 DSCR
under professional property management
Loan Balance: $489K
Property Market Value: $625k
LTV: 78%
Borrower FICO: 814Keith Pellicano | Private Lender: ABL/R.E. | Edgeworth Lending | 540.242.0933 | 1320 Central Park Blvd, Fredericksburg, VA 22401
Keith@edgeworthlending.com | www.edgeworthlending.com
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