Loan amount
$600,000
Loan type
As-Is Property Value
$750,000
LTV
80%
{LTV}
Property type
Motel in tourist town
Borrower Details
Credit score
680
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Wisconsin
Loan Details
Additional Loan Information
Me and my husband have found the perfect property in the Wi Dells to raise our family. We have 4 kids and this boutique motel is a little untapped goldmine. It has a beautiful 4 bedroom house attached where we would live. The owners are very motivated due to his cancer diagnosis. They already have a retirement home in Florida. I think if we found the funding we could get a ver low price and after a year or 2 go back and get a bank loan at the appraised value and the difference would be yours. Good investment opportunity!
Status
Closed
Created
July 17, 2019 - 8:03am
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