🏡 Real Closed File Review – Rosedale, Queens 🏡

marketing928870
Oct 29
2 min read

This latest LJ Mortgage Team Inc. closing highlights the power of strategic investing and smart financing! — This latest **LJ Mortgage Team Inc.** closing highlights the power of strategic investing and smart financing!

💼 Investor Purchase: Single-family property (to be converted to 2-family)

💰 Purchase Price: $700,000 | Down payment: 30%

👥 Borrowers: 2 | Credit Score: 689

💵 Household Income: $353,949 | Business Owners

📉 Monthly Liabilities: $47K

📑 Property Taxes: $5,327 | HOI: $2,015

📈 Interest Rate: 6.75%

💳 P&I Payment: $3,178.13/month

⚠️ Prepayment Penalty (PPP): $13,230 if loan is paid off within 5 years

💵 Closing Costs: $29,000 (~4.14% of purchase price)

This Rosedale investor purchased a single-family home with plans to convert it into a legal 2-family residence, creating more value and generating long-term rental income potential. 🏘️

At LJ Mortgage Team Inc., we specialize in helping business owners and real estate investors tap into tailored loan programs like DSCR (Debt Service Coverage Ratio) and Non-QM loans perfect for building strong, sustainable portfolios without traditional income verification barriers.

Whether you’re buying your first investment property or expanding your real estate empire, our team is here to guide you through every step from application to closing. 💼✨

📍 Let’s make your next investment move your best one!