Loan amount
$57,500
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$197,000
{PP:$60,000}
LTV
29%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
500
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Newbern
State
Tennessee
Loan Details
Purchase price
$60,000
Down payment
$2,500
Additional Loan Information
Location to be used for-for profit state licensed child care & preschool. Building is 4,302 sq ft, 2.5 bathrooms, kitchen & dining area,. I am a Licensed Practical Nurse and I have owned/operated a licensed group day care home (Home based), 1998-2003, til child entered school.
Status
Open
Created
November 12, 2021 - 12:12am
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