Loan amount
$19,000,000
Loan type
Purchase
{Construction}
After Repair Value
$35,000,000
{PP:$10,000,000}
ARV
54%
{ARV}
Property type
Assisted Living Facility
Borrower Details
Credit score
660
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Kailua Kona
State
Hawaii
Loan Details
Purchase price
$10,000,000
Down payment
$3,000,000
Cost of improvements
$12,000,000
Estimated property value after repairs
$35,000,000
Additional Loan Information
3 TMK 3 5/5 mansions w pools tennis already built provides instant income
And 36 permitted homes ready to build
10 mil for property 12 million to build, seller will hold 3M second (Listed as down payment above)
My late husband and I where General contractors for 17 years on the big island
So excited to go back and build there. Seller will hold
And 36 permitted homes ready to build
10 mil for property 12 million to build, seller will hold 3M second (Listed as down payment above)
My late husband and I where General contractors for 17 years on the big island
So excited to go back and build there. Seller will hold
Status
Open
Created
January 13, 2021 - 5:51pm
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