Loan amount
$3,150,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$4,000,000 {PP:$4,500,000}
LTV
79% {LTV}
Property type
Assisted Living Facility
Borrower Details
Credit score
650
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Dallas
State
Texas
Loan Details
Purchase price
$4,500,000
Down payment
$1,350,000
Additional Loan Information
Looking to acquire this 24-Bed Assisted Living Facility in Texas with intent to operate for the long haul. Our Down Payment represents accepted Seller Finance of 30%. Currently run at 95% Occupancy Rate. Seller willing to defer monthly payment on Promissory Note until second year anniversary of our acquisition with Seller support for 12mos. Lots of potentials to explore upon acquisition. Plan to utilize 24+ years of business management and development experience in conjunction with a Management Company with decades of experience running profitable ALFs. We need to close on this deal asap!
Status
Created
March 9, 2021 - 4:44am

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