Loan amount
$442,000
Loan type
Purchase
{Construction}
After Repair Value
$1,000,000
{PP:$22,000}
ARV
44%
{ARV}
Property type
Other Commercial
Borrower Details
Credit score
775
Deal experience
None
This loan scenario was submitted by a Broker
Yes
Property Details
City
New York
State
New York
Loan Details
Purchase price
$22,000
Down payment
$30,000
Cost of improvements
$450,000
Estimated property value after repairs
$1,000,000
Additional Loan Information
borrower intends to construct a 7total unit apartment building with 1 unit designated for retail space
Status
Open
Created
February 14, 2024 - 9:35pm
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