Loan amount
$740,000
Loan type
Purchase
{Construction}
After Repair Value
$1,500,000
{PP:$300,000}
ARV
49%
{ARV}
Property type
Other Commercial
Borrower Details
Credit score
580
Deal experience
20 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Saint Louis
State
Missouri
Loan Details
Purchase price
$300,000
Down payment
$10,000
Cost of improvements
$450,000
Estimated property value after repairs
$1,500,000
Additional Loan Information
27000 square feet, 3 floors, 1 mezzanine and a basement. Would like to buy this building and turn floor 1,2 and the mezzanine into a special event center; the third floor into offices, and a small kitchen and pub in the basement.
Status
Open
Created
October 22, 2023 - 10:35am
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