Loan amount
$1,650,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$2,200,000 {PP:$1,900,000}
LTV
75% {LTV}
Property type
Other Commercial
Borrower Details
Credit score
730
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Cooper Landing
State
Alaska
Loan Details
Purchase price
$1,900,000
Down payment
$250,000
Additional Loan Information
Recreational cash flowing lodge in Alaska. This property would be complementary to our existing fishing business. There is a shortage of short term, medium term and long term rentals in our vacation destination. This would be an excellent buy and hold play with long term upside.
Status
Created
January 7, 2023 - 3:33am

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