Loan amount
$1,320,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$1,500,000
{PP:$1,250,000}
ARV
88%
{ARV}
Property type
Other Commercial
Borrower Details
Credit score
529
Deal experience
2 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Indianapolis
State
Indiana
Loan Details
Purchase price
$1,250,000
Down payment
$5,000
Cost of improvements
$75,000
Estimated property value after repairs
$1,500,000
Additional Loan Information
Purchase old Chase Bank Building, complete restaurant renovation already started, and rent out rent as Formal Dining Restaurant/Event Space.
Status
Open
Created
April 2, 2023 - 7:18pm
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