Loan amount
$3,325,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$8,500,000 {PP:$4,300,000}
ARV
39% {ARV}
Property type
Hotel
Borrower Details
Credit score
680
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Buena Park
State
California
Loan Details
Purchase price
$4,300,000
Down payment
$1,000,000
Cost of improvements
$25,000
Estimated property value after repairs
$8,500,000
Additional Loan Information
We are looking for Debtor in Possession financing to exercise the purchase option to acquire real estate property in Orange County California. The option price is $5 million and the property is valued at $8.5 million. This will be a short term financing with Exit financing at a later date. Please advise if you undertake such financing.
Thanks.
Status
Created
November 8, 2021 - 11:57am

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