Loan amount
$400,000
Loan type
As-Is Property Value
$700,000
LTV
58%
{LTV}
Property type
Commercial
Borrower Details
Credit score
670
Deal experience
10 deals
This loan scenario was submitted by a Broker
Property Details
State
Florida
Loan Details
Additional Loan Information
Single family home rezoned to turn into a commercial property servicing a day care. Property already owned. Cash-out refinance. Loan balance $218K. Renovation budget $150K. Work will take 2 months. ARV $700K. I have a pending leasing in place for $8,000 a month for fully ready daycare building. Property located in Orlando, FL. Loan duration 2-3 years.
Status
Closed
Created
May 1, 2020 - 9:12am
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