Loan amount
$105,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$250,000
{PP:$130,000}
LTV
42%
{LTV}
Property type
Restaurant/Entertainment
Borrower Details
Credit score
595
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
National City
State
Michigan
Loan Details
Purchase price
$130,000
Down payment
$25,000
Additional Loan Information
I am trying to purchase a Restaurant/ Bar on Sand Lake in National City, Mi. I will have cash to put down on the project. I will be renting this space out with 20% profit. I have a customer that wants to open the restaurant.
Status
Open
Created
February 3, 2024 - 2:20pm
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