5236 Loughborough

Spacious and Classy 2 BR 1 BA in Quiet Neighborhood - Brand new rehabbed apartment

- Hardwood and laminate floors in EXCELLENT CONDITION
- Parking on-street
- Kitchen features
- Stainless Still Refrigerator, Range/Oven and Microwave
- Granite Countertops
- New Cabintes
- Updated Bathroom
- Heating is Gas with Central Ac;
- Hot water is Gas

Note: 1 of the Bedrooms is a "walkthrough" in which it has 2 entrances/exits. The other bedroom is a tradition bedroom with 1 entrance/exit.

If you have a past problem with a landlord, please be prepared to explain your situation and to provide us their contact information. Please note that due to the fair housing act we must select tenants with the strongest background checks. Please have verifiable income or be prepared to pay higher security deposit.

No one with a felony in which they harmed another person will be considered.
By law MVPm is able to set minimum standards for applicants with regards to qualifications for occupancy.

Our qualifications are as follows:
* Must complete a background check – cost $75.00 for the first person and $75.00 for each additional person.
*Note: MVPm pays $35 per person per check. The additional money helps defer the expense of the labor in the coordination of the leasing activity.
* Verifiable monthly gross income must be at least 3 times the monthly rent.
*Applicant must:
* Be in the United States lawfully.
* Not be wanted by any Law Enforcement Agency.
* Be above age 18.
* Have photographic proof of identification from an approved government agency at time of application and lease signing.
* Not have engaged in any Felony within the past 7 years in which such person was guilty of a crime in which another person was harmed intentionally or otherwise.
* Have no more than a either of the following in the past five years:
* 1 eviction (see below for evictions)
* 1 Bankruptcy and/or foreclosure

If tenant(s) meet the above qualifications, leasing security deposits are determined as follows based on credit scores:
• 625 and higher – 1 month security deposit (SD)
• 575 – 624 – 1.5 months (SD)
o If eviction or foreclosure in last 5 years – a qualified guarantor must co-sign at time of lease.
• 525 – 574 – 2 months (SD)
o If eviction or foreclosure in last 5 years – a qualified guarantor must co-sign at time of lease.
• Under 525 – 2 months (SD) plus a qualified guarantor.
Should a co signer be required please note the qualifications:
Must submit an applicaiton
Credit score of 625 or Higher
No Evictions, Bankruptcy, or Foreclosures on File
No Felonies within 7 years
Meet income requirements and have garnishable income
If approved, must be willing to sign lease as financial guarantor

Income
• Net combined income of applicants in excess of 2.5 times monthly rent (or 3 times gross) is required to rent the unit being applied for. Income from employment is required – a minimum of 1 month. A qualified assistance agency, SSI or other “non-garnishable” incomes may be considered for purposes of income verification to meet the required thresholds

WE DO WORK WITH PEOPLE THAT HAVE CREDIT PROBLEMS - extra-security deposits or lease co-signer may apply. If you have a past problem with a landlord, please be prepared to explain your situation and to provide us their contact information. Please note that due to the fair housing act we must select tenants with the strongest background checks. Please have verifiable income or be prepared to pay higher security deposit.

All Meramec Valley Properties Management residents are enrolled in the Resident Benefits Package (RBP) for $30.95/month which includes renters insurance, credit building to help boost your credit score with timely rent payments, $1M Identity Protection, move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, and much more! More details upon application.

*Our other rental property listings can be reviewed on our website: mvpmstl.com
Click leasing services tab x 2 & select the property of interest.

IMPORTANT- please note that you will receive an email from MVPm regarding your inquiry. Please be sure to check your inbox and spam. Additionally we will attempt to contact you by text. If you have blocked her number in the past he will not receive text messages from us.

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