Loan amount
$2,500,000
Loan type
As-Is Property Value
$32,000,000
LTV
8%
{LTV}
Property type
Commercial / Assisted living facility
Borrower Details
Credit score
710
Deal experience
10 deals
This loan scenario was submitted by a Broker
Property Details
State
Texas
Loan Details
Additional Loan Information
Empty assisted living facility with kitchen, chapel, exercise room and more. It will facilitate up to 150 beds at $2700/bed for a rock bottom private pay A-Type facility. At 8% cap rate with all beds filled valuation (ARV) is $30,375,000. Purchase price $1.4M. Putting down $350K. Already in contract. Property located just outside of Dallas. 12 month loan duration. I am a broker representing my client.
Status
Closed
Created
May 4, 2020 - 9:11am
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