Single Rental Loan, Huntsville AL
Posted by Sachin Chawla // November 24, 2017
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%.
| Purchase Price | $159,500 | Loan Amount | $127,600 | Loan Type | 30 Year Fixed - Single Rental Loan |
| Interest Rate | 6.50% | Loan to Cost | 80% | Property Type | 4 Family |
| Investment Objective | Passive Rental | ARV% | 80% |
