Loan amount
$880,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$1,220,000
{PP:$900,000}
ARV
72%
{ARV}
Property type
Motel
Borrower Details
Credit score
800
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Ashton
State
Idaho
Loan Details
Purchase price
$900,000
Down payment
$220,000
Cost of improvements
$200,000
Estimated property value after repairs
$1,220,000
Additional Loan Information
There are currently 10 cabins, 1 being a lodge. During winter season, only 2 units are available. We would like to purchase the property, get new management, renovate the additional cabins so that they are all available during the winter season, and add a hot tub.
We are trying to get financing available to make an offer to the owners.
We are trying to get financing available to make an offer to the owners.
Status
Open
Created
November 28, 2023 - 1:28pm
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