Loan amount
$425,000
Loan type
As-Is Property Value
$425,000
LTV
100%
{LTV}
Property type
Assisted living home
Borrower Details
Credit score
550
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Arizona
Loan Details
Additional Loan Information
Assisted living home & business for sale in North Phoenix, AZ. This home is licensed for 8 residents. Owned and operated for 20 years at this location. The last inspection was deficiency-free. The current income is roughly $15,000 with 5 residents. There are 3 vacancies. Asking price is firm at $425K. Please note: Current owners are retiring. The caregiver(s) will remain on staff. This home takes both private pay and is contracted with ALTCS. NOI $154,285. Seeking 100% financing. Flexible on loan duration but would prefer as long as possible. Not yet in contract.
Status
Closed
Created
February 20, 2020 - 8:39am
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