Loan amount
$240,000
Loan type
As-Is Property Value
$300,000
LTV
80%
{LTV}
Property type
Commercial / Motel
Borrower Details
Credit score
762
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
New Hampshire
Loan Details
Additional Loan Information
Looking to purchase motel with 8 units and owner unit which we will be occupying as our primary. Asking price is $299,000. Not in contract yet. Looking to put 20% down. Average monthly rental income is about $4K. Motel is located in Thorton NH. I am open to all lending options you have.
Status
Closed
Created
June 18, 2020 - 8:58am
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