St. Petersburg, FL

$540,200 Multifamily Purchase

Loan Notes:

• Borrowers were out of state investors with 1031 money
• 75% LTV financing
• Full doc program
• Qualified on market rent DSCR 1.1x+
• Was able to secure 6.875%, 5 year fixed financing
• Broker made $10,840
• 35 day close