Loan amount
$2,800,000
Loan type
As-Is Property Value
$3,500,000
LTV
80%
{LTV}
Property type
Farm
Borrower Details
Credit score
650
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Georgia
Loan Details
Additional Loan Information
Looking to expand my business and buy a working chicken farm for $2.5M with 6 working chicken houses and 54.2 acres of land and 23 acres with potential to build more houses in the future but for now it’s leased and bringing revenue and with the $270,000 a year from the chicken houses also has a dwelling that has potential for a rental property. Purchase includes all farm equipment and office building. Seller agreed to include an additional 181 acres for an extra $239K. I have put $300K in cash down already to secure the deal. Property is located in Hazlehurst, GA. Looking for a loan term as long as possible.
Status
Closed
Created
December 7, 2019 - 11:44am
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