Property Listing

Single Rental Loan, Huntsville AL

Transaction Overview

We funded this cash flowing rental in Huntsville Alabama recently.  The property is cash flowing on day 1, with a 17% cash on cash return.  The borrower did not have to provide any tax returns, w2's or pay-stubs.  Using our single rental portfolio loan, we use property cash flow to qualify in lieu of personal income.  The borrower was able to put only 20% down and obtained a 30 year fixed rate at 6.5%.

Property Details
Purchase Price $159,500Loan Amount $127,600Loan Type 30 Year Fixed - Single Rental Loan
Interest Rate 6.50%Loan to Cost 80%Property Type 4 Family
Investment Objective Passive RentalARV% 80%

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