Loan amount
$250,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$500,000 {PP:$250,000}
ARV
50% {ARV}
Property type
Other Commercial
Borrower Details
Credit score
480
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Brooksville
State
Florida
Loan Details
Purchase price
$250,000
Down payment
$100,000
Cost of improvements
$100,000
Estimated property value after repairs
$500,000
Additional Loan Information
I would like to purchase and renovate this property to use a rental and a business (rent to the person that will be employed). This property is 5 acres with a 3/2 home and a building that is equipped for 28 dog kennels. I would like to turn this piece of land into a dog boarding/daycare and training facility. There is also a horse stable that can be renovated to board horses and other large animals.
Status
Created
November 15, 2023 - 2:17pm

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