Loan amount
$500,000
Loan type
Refinance
{Fix&Rent}
After Repair Value
$1,200,000
ARV
42%
{ARV}
Property type
Other Commercial
Borrower Details
Credit score
500
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Griffin
State
Georgia
Loan Details
Current mortgage balance
$0
Cost of improvements
$500,000
Estimated property value after repairs
$1,200,000
Additional Loan Information
An historic commercial building (old hospital) that needs renovations and build-out. Estimated renovation cost: $500,000. Estimated value after renovations: $1,2000,000. Already own the building.
Status
Open
Created
September 6, 2023 - 11:56am
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