Loan amount
$705,000
Loan type
Purchase
{Construction}
After Repair Value
$950,000
{PP:$280,000}
ARV
74%
{ARV}
Property type
Industrial/Warehouse
Borrower Details
Credit score
700
Deal experience
10 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Bentonville
State
Arkansas
Loan Details
Purchase price
$280,000
Down payment
$25,000
Cost of improvements
$450,000
Estimated property value after repairs
$950,000
Additional Loan Information
I am currently under contract to purchase developed raw land (full utilities, curb and gutter and street improvements) to build a 6000 square foot flex warehouse building and then to lease out. I am a developer in Bentonville and surrounding NW Arkansas. We have a need of flex warehouse space close to the new Walmart Home Office in Bentonville. This property sits 3/4 of a mile from the new 350 acre Walmart Campus under construction. I am initially just looking to take down the land at $280,000 and then move forward with a construction loan to complete the building.
Status
Closed
Created
November 7, 2023 - 6:24pm
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