Loan amount
$45,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$60,000 {PP:$50,000}
LTV
75% {LTV}
Property type
Restaurant/Entertainment
Borrower Details
Credit score
670
Deal experience
10 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Bay City
State
Michigan
Loan Details
Purchase price
$50,000
Down payment
$5,000
Additional Loan Information
Had a space that was being rented pre covid. Am no longer able to access the space due to landlord having to close permanently. I need a space to have my loaded potato bar Hater Taters and be able to operate on my time not on someone else's allowing for more hours open ultimately leading to more sales. Have contract with city events committee from may-sept to provide services and have no space to do so and now face losing the contract. I was also mid approval as a fema food vendor when this shut down happened
so can no longer proceed with the requirements for fema approval
Status
Created
April 7, 2021 - 10:37pm

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