Loan amount
$32,500,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$53,000,000
{PP:$14,500,000}
ARV
61%
{ARV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
680
Deal experience
6 deals
This loan scenario was submitted by a Broker
No
Property Details
City
EVERGREEN
State
Alabama
Loan Details
Purchase price
$14,500,000
Down payment
$1,000,000
Cost of improvements
$19,000,000
Estimated property value after repairs
$53,000,000
Additional Loan Information
MIXED USE RES, COMMERCIAL, INDUSTRIAL ACQUISITION AND DEVELOPMENT SFH MULTI- FAMILY- CONDOS, WAREHOUSE TOTAL 2400 ACRES MAJOR INTERSTATE FRONTAGE. PAD READY OPPORTUNITY TAX ZONE AND EXISTING HOUSES TO BE REHABBED AND ADDED ON
Status
Open
Created
May 6, 2021 - 12:28pm
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