Loan amount
$3,000,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$3,500,000
{PP:$3,500,000}
LTV
86%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
620
Deal experience
9 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Fontana
State
California
Loan Details
Purchase price
$3,500,000
Down payment
$500,000
Additional Loan Information
This is a commercial lot with conditional use permit for it three separate dealerships for automotive repair, services, alignment services, smoke services and body shop services. I plan to re-hab the place and rent out to multiple tenants until I find a right buyer for it.
Status
Open
Created
November 14, 2023 - 2:35am
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