Loan amount
$1,250,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$2,300,000
{PP:$1,600,000}
ARV
54%
{ARV}
Property type
Other Commercial
Borrower Details
Credit score
740
Deal experience
2 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Sarasota
State
Florida
Loan Details
Purchase price
$1,600,000
Down payment
$400,000
Cost of improvements
$50,000
Estimated property value after repairs
$2,300,000
Additional Loan Information
currently a house and nursery on a 7 acre lot, client is buying fixing it up and will build another structure and hold it. right now we want to obtain financing on just the purchase.
Status
Open
Created
October 17, 2022 - 8:48pm
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