Loan amount
$50,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$275,000 {PP:$60,000}
LTV
18% {LTV}
Property type
Gas/Convenient Station
Borrower Details
Credit score
560
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Heberon
State
Maine
Loan Details
Purchase price
$60,000
Down payment
$10,000
Additional Loan Information
This is a fully running gas station/convenience and eatery store that has operated for more than 20 years and is in a prime locations to a statewide popular ATV trail so sales are generated from multiple sources. also is 1 of 2 gas stations in the town. this property also has a 3 bedroom house as well as a rentable apartment above with a 3 car garage on 2.56 acres. business is established and the books looks good. this is a situation where the couple is old and want to retire to Florida. the owner is willing to finance with a $60,000 down payment. this business has a solid reputation in the community and is a very worth while investment. comes with all employees and managerial staff. looking to take over as owner and continue a smooth operation
Status
Created
March 20, 2021 - 5:53pm

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