Rental portfolio finance
I have been offered a rental portfolio loan with following and not sure it is a good deal. Can someone guide me?
20 single family rentals valued at 1.6m
60% ltv
20k expense related to appraisal and title and due diligence
1% origination fee
Rate : 3.9 + 5 year swap rate (1.9)
Loan term 5 year with 30 year amortization
Recourse loan