Property Address

39 E Baltimore Street Hagerstown Maryland 21740

Requested Loan Amount

$156,000

Loan to Value

80%

Loan Term

12 months

Lien Position

1st

Collateral Type

Residential Property

Exit Strategy

Refinance

Collateral and Loan Details

Property Type

Fourplex

Number of Bedrooms

5

Number of Bathrooms

4

Owner Occupied

No

Loan Type

Purchase

Property Sq. Footage

3,255

Has property been located?

Yes

Preferred Closing Date

04/24/2021

Purchase Price

$195,000

Purchase Contribution

$39,000

Purchase Contribution Source

Own Cash

Loan to Cost

80%

Purchase Plan

Continue Rental (property is tenant-occupied)

APN Parcel ID

2217005952

Lot Size

0.20 acres

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Excellent

Additional Attachments

Comments

My investment LLC would like to purchase a multifamily building to hold long term. We would like to put no more than 20% down. Company has cash in the bank for down payment and closing costs. All LLC owners are experienced Real Estate attorneys and I also am a licensed real estate broker. Thank you for your consideration.

First Name

Karen

Last Name

Alegi

Phone Number

(202) 302-2331

Company

Sage Investment Group LLC

Role

Borrower

Location

Gaithersburg Maryland USA

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