Asked by Jk, Saint Louis, MO • Tue Jan 26, 2010
It is 80% LTV; 778 credit scores; front end ratio 18% and back-end 25%. $200,000 of reserves. Loan Amount $380,000. 4 story, 4 unit complex. It is a purchase transaction. One unit sold in Aug '09 and my borrower wants to buy 1 unit. Two units unsold. Any guidance would be appreciated.
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