Loan amount
$650,000
Loan type
As-Is Property Value
$1,000,000
LTV
65%
{LTV}
Property type
Commercial / Assisted living facility
Borrower Details
Credit score
570
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Florida
Loan Details
Additional Loan Information
Purchasing an ALF that needs some work. The property US Bank owned. The asking price is $450K. Renovations budget is $200K. Estimated value after renovations is $1M. Property located in Apopka, FL. Looking for 100% financing. Flexible on loan duration. Plan to hold and operate the business. Not yet in contract.
Status
Closed
Created
June 17, 2020 - 12:36pm
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