Renovated 1940s Spanish-style duplex in the trendy Northwood historic district.
LOAN AMOUNT
$610,000
Self-employed real estate broker with complex multi-LLC K-1 tax filings.
Bypassed personal tax returns entirely, sizing the $610,000 loan strictly on the $5,200/mo rental income.
The Outcome
Funded in 16 business days with 10-year interest-only payment structure to optimize monthly liquidity.
Deal Highlights
LOAN AMOUNT
$610,000
PURCHASE PRICE
$775,000
MONTHLY RENT
$5,200
DSCR RATIO
1.26
LTV
79%
CLOSING TIME
16 Days
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