Loan amount
$3,780,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$4,200,000 {PP:$4,200,000}
LTV
90% {LTV}
Property type
Restaurant/Entertainment
Borrower Details
Credit score
680
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Peoria
State
Illinois
Loan Details
Purchase price
$4,200,000
Down payment
$420,000
Additional Loan Information
My team used to own/manage the business that rents this property (they come as a package because of the liquor license). Years ago it was sold to our other partner, who then died, whose wife then inherited it, who then ran it for awhile, and now wishes to sell it back to us for the appraised price of the real estate.
Status
Created
May 5, 2021 - 5:26pm

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