Loan amount
$2,420,000
Loan type
Purchase
{Construction}
After Repair Value
$3,400,000
{PP:$1,450,000}
ARV
71%
{ARV}
Property type
Other Commercial
Borrower Details
Credit score
660
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Upper Tract
State
West Virginia
Loan Details
Purchase price
$1,450,000
Down payment
$30,000
Cost of improvements
$1,000,000
Estimated property value after repairs
$3,400,000
Additional Loan Information
Convert conventional chicken houses into hydroponic greenhouses for the production of vegetables to utilize the government program of farm to school and sell produce directly to local schools. We want to reduce our country’s dependence on foreign produce, help the local economy, and help repair our food distribution chain by being able to supply locally sourced produce.
Status
Open
Created
May 4, 2021 - 5:54pm
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