Loan amount
$440,000
Loan type
Refinance
{Construction}
After Repair Value
$600,000
ARV
73%
{ARV}
Property type
Industrial/Warehouse
Borrower Details
Credit score
750
Deal experience
3 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Cleveland
State
Ohio
Loan Details
Current mortgage balance
$0
Cost of improvements
$440,000
Estimated property value after repairs
$600,000
Additional Loan Information
Owner purchased a warehouse - has two current tenants, needs some major rehab for the other two spaces. Experienced sponsor, recourse and credit worthy. Has personal income to support construction phase. thank you
Status
Open
Created
September 9, 2021 - 10:31am
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