Loan amount
$300,000
Loan type
As-Is Property Value
$700,000
LTV
43%
{LTV}
Property type
Commercial / Car wash
Borrower Details
Credit score
620
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Texas
Loan Details
Additional Loan Information
Purchasing an already operating car wash with two tunnels and vacuums. Purchase price $700K. Putting down $300K. Owner financing the rest. Not yet in contract. Property located in San Antonio. Estimated $15K monthly revenue. Prefer 60 month loan but open to whatever works.
Status
Closed
Created
July 12, 2020 - 4:01pm
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