for those who responded to my inquiry, thank you very much.
 
here are more info:
 
I have:     neurologist buyer with 656 FICO mid-score
                $200k annual income
                plus $150k bonus per year
                wife owns shoe retail store - currently for sale
                operates business using credit cards
                
buyer has:    $201k sitting with qualified accommodator;
                    proceeds from sale of commercial vacant land
                    wants to roll over for 1031 exchange
 
property features:        20 unit apartment complex
                                always 100% occupied
                                rents at $475 per month per unit
                                contract price at $890k
                                106 marilyn street, goose creek, south carolina 29445
                                1.2525 DCR
 
buyer wants:        rollover $201k into purchase
                        then simultaneously cash out refinance $100k to pay off personal debts
 
it is imperative we obtain:    90% LTV
                                        30 year amortized
                                        fixed rate or adjustable is fine
 
please respond ASAP
 
ROLANDO V. VILLAVICENCIO
Real Estate Investment Consultant
RE/MAX Professional Realty
9209 University Boulevard
Charleston, South Carolina  29406
843-767-7777  Office
843-767-4006  Fax
800-633-9275  Toll Free
[EMAIL PROTECTED]


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