14 Unit Apartment Complex in MI

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Realistwon

1 Posts

Posted - 08/07/2008 : 2:09:44 PM

I have a scenario in Michigan as follows:

-14 Unit complex
-676 FICO
-$180K Purchase Price
-Detroit
-looking for highest LTV possible (80-85%)

I want to know if there is anyone that will service this type of loan.

Rob Benson
Loan Specialist
1st Metropolitan MTG

800-220-7900 ext 278
email: rbenson@1stmetro.net

PinnaclePeters

1114 Posts

Posted - 08/07/2008 : 2:23:12 PM

Welcome to the Outpost, Rob.

We can do 80% on a purchase of an apartment complex in Detroit, but only on a case-by-case basis for that area.

We'll need pictures of the property.

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