Loan amount
$225,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$350,000 {PP:$325,000}
LTV
64% {LTV}
Property type
Restaurant/Entertainment
Borrower Details
Credit score
775
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Quilcene
State
Washington
Loan Details
Purchase price
$325,000
Down payment
$100,000
Additional Loan Information
The building sits on one acre and is located on a major highway with multiple state and county parks in the area. This is a high tourism area. We intend to fix up and convert from full restaurant to a mix of coffee/deli and retail. We have 30 years of self employment doing retail/food service. We currently have three retail locations on leases and one warehouse on a mortgage. We want to quit leasing and operate in our own property.
Status
Created
June 13, 2021 - 12:40am

Hard Money Lenders Now Offering Real Estate Investor Loans in Washington Seattle | Spokane | Tacoma | Vancouver | Bellevue | Kent Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans