Loan amount
$10,000,000
Loan type
Purchase
{Construction}
After Repair Value
$15,000,000
{PP:$1,100,000}
ARV
67%
{ARV}
Property type
Sports Facility
Borrower Details
Credit score
780
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Huntersville
State
North Carolina
Loan Details
Purchase price
$1,100,000
Down payment
$0
Cost of improvements
$8,900,000
Estimated property value after repairs
$15,000,000
Additional Loan Information
30 acre youth sports facility with three outdoor baseball fields and one multi-purpose field, an additional 30,000 ft² training facility will also be built on the property. The property is 10 minutes from Charlotte.
Status
Open
Created
May 19, 2021 - 10:48pm
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