Credit Evaluation School Instructor eBook - Oct 2023

People:

Elliott Anderson Senior network engineer of a local cybersecurity firm, Allsafe. W ‐ 2 Income of $50M

Purpose: Payment:

Purchase 24 ‐ unit apartment complex

Monthly payments required: $10,000 Monthly cash flow available from apartment complex: $7,500

Protection: Problem: Prospects:

Loan ‐ to ‐ value: 97%

30/60/90 day past due status: 10/7/3

Prime location for commercial enterprise or further real estate development