Loan amount
$4,000,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$6,000,000
{PP:$3,500,000}
ARV
67%
{ARV}
Property type
Hotel
Borrower Details
Credit score
600
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
New York City
State
New York
Loan Details
Purchase price
$3,500,000
Down payment
$0
Cost of improvements
$500,000
Estimated property value after repairs
$6,000,000
Additional Loan Information
A small hotel is for sake by Central Park New York City. I would like to.purchase it and transform it into 6 Residences operated by a international fashion and hotel brand.
Status
Open
Created
July 31, 2023 - 4:29pm
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