Loan amount
$4,500,000
Loan type
Purchase
{Construction}
After Repair Value
$12,000,000
{PP:$8,000,000}
ARV
38%
{ARV}
Property type
Hotel
Borrower Details
Credit score
750
Deal experience
12 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Mineral Wells
State
Texas
Loan Details
Purchase price
$8,000,000
Down payment
$6,000,000
Cost of improvements
$2,500,000
Estimated property value after repairs
$12,000,000
Additional Loan Information
World famous historic hotel restoration with significant government support at the local, state and federal level. Seeking a two year interim loan.
Status
Open
Created
January 26, 2021 - 1:39pm
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