Loan amount
$780,000
Loan type
Purchase
{Construction}
After Repair Value
$2,000,000
{PP:$600,000}
ARV
39%
{ARV}
Property type
Other Commercial
Borrower Details
Credit score
750
Deal experience
4 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Denton
State
Texas
Loan Details
Purchase price
$600,000
Down payment
$120,000
Cost of improvements
$300,000
Estimated property value after repairs
$2,000,000
Additional Loan Information
This is the last parcel of land adjacent to a very busy airport that is in dire need of hangars. With hangars it is worth millions. The waiting list for a hangar is 2 years plus.
Status
Open
Created
April 11, 2022 - 8:08pm
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