Loan amount
$940,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$1,200,000
{PP:$950,000}
LTV
78%
{LTV}
Property type
Hotel
Borrower Details
Credit score
716
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
New Smyrna Beach
State
Florida
Loan Details
Purchase price
$950,000
Down payment
$10,000
Additional Loan Information
This is a great 11 room hotel on US1 in New Smyrna beach, Fl. Our plan is to incorporate our fishing and sightseeing business into stay offerings. As well as other local ‘things to do’ business. A complete re-design to a total nautical / beach theme will make the hotel a paradise that we anticipate will have a long wait list.
Status
Open
Created
April 8, 2022 - 9:47am
Hard Money Lenders Now Offering Real Estate Investor Loans in Florida Orlando | Tampa | Miami | Jacksonville | Gainesville | Tallahasee Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans