Loan amount
$400,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$450,000 {PP:$375,000}
ARV
89% {ARV}
Property type
Other Commercial
Borrower Details
Credit score
700
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Paxinos
State
Pennsylvania
Loan Details
Purchase price
$375,000
Down payment
$0
Cost of improvements
$25,000
Estimated property value after repairs
$450,000
Additional Loan Information
Just looking into an abandoned farm with large potential, near a economicly impacted area, primely located between multiple points of interest. THE PLAN: Turn a abandoned farm into a self sustainable- bio diverse organic farm with multiple cabins/cottages for people either going to the local points of interest to stay at or people wanting to learn how to start a self sustainable farm. In between the local attractions events, that draw people to the area, the farm, itself, would hold events of different types based around environmental sustainability (something the area doesn't currently have) . This would create 2 large sources of revenue for the farm, 1. The product, the organic produce (possibilities for animals, in the future as there is 3 large outbuildings on property) 2. The housing/lodging. There are currently 3 cabins and a duplex currently on property with very minor work required for them to start generating revenue....
Status
Created
September 10, 2021 - 9:37pm

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