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.
Status
Created
November 28, 2023 - 1:28pm

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