Loan amount
$989,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$5,000,000
{PP:$888,888}
ARV
20%
{ARV}
Property type
Other Commercial
Borrower Details
Credit score
780
Deal experience
5 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Newark
State
New Jersey
Loan Details
Purchase price
$888,888
Down payment
$200,000
Cost of improvements
$300,000
Estimated property value after repairs
$5,000,000
Additional Loan Information
Purchasing this 25500sf mixed use commercial need cosmetic renovations. Aim to close in 30 days. After the rehab, stabilize it with tenants then refinance
Status
Open
Created
March 26, 2022 - 8:29pm
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