Loan amount
$440,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$700,000 {PP:$550,000}
LTV
63% {LTV}
Property type
Restaurant/Entertainment
Borrower Details
Credit score
600
Deal experience
5 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Tucson
State
Arizona
Loan Details
Purchase price
$550,000
Down payment
$110,000
Additional Loan Information
We would like to purchase a turn key 2nd generation restaurant building in a central location, and up & coming area / location in Tucson, Arizona, on almost 1/2 an acre * We have extensive experience in the restaurant business and construction and remodeling * The purchase price of the property is only $550,000 and the value is approximately $700,000 providing a strong equity position at close of escrow *
Status
Created
March 10, 2024 - 10:03am

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