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Updated about 9 years ago on . Most recent reply

Wave Taylor's profile image
Wave Taylor's profile image
Wave Taylor
  • from Baltimore, MD
  • Member since Jan 6, 2016

User Stats

75
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11
Votes
Wave Taylor's profile image
Wave Taylor's profile image
Wave Taylor
  • from Baltimore, MD
  • Member since Jan 6, 2016
Wave Taylor
  • Baltimore, MD
11
Votes |
75
Posts
Multi-Family and Apartment Investing

Financing my first deal

Wave Taylor
  • Baltimore, MD
Posted

Working with a local credit union. The offer is as follows:

They will finance 75% of the purchase cost. Then they will finance 75% of ARV, for rehab, as long as the two totals do not ecceed the ARV price. Terms are 15 years with a 25year amortization. How does this sound? Just looking for advice.

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