Loan amount
$840,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$680,000
{PP:$1,400,000}
LTV
124%
{LTV}
Property type
Assisted Living Facility
Borrower Details
Credit score
650
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Round Rock
State
Texas
Loan Details
Purchase price
$1,400,000
Down payment
$560,000
Additional Loan Information
Looking to acquire this 16-bed Assisted Living Business with Real Estate, fully occupied. Business portion of sale $720k, while Real Property portion of sale is set at $680k. Total $1.4M. Our Down Payment represents Seller Finance which is to also cover Working Capital totaling $560k (i.e. 40%). MUST lock up this deal within this week.
Status
Open
Created
March 9, 2021 - 5:00am
Hard Money Lenders Now Offering Real Estate Investor Loans in Texas Houston | San Antonio | Dallas | Austin | Fort Worth | El Paso Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans