Loan amount
$19,999,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$45,000,000
{PP:$35,000,000}
ARV
44%
{ARV}
Property type
Single Family
Borrower Details
Credit score
600
Deal experience
3 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Newport Coast
State
California
Loan Details
Purchase price
$35,000,000
Down payment
$17,001,000
Cost of improvements
$2,000,000
Estimated property value after repairs
$45,000,000
Additional Loan Information
Exquisite Estate in Crystal Cove in Newport Coast, CA. Panoramic Pacific Ocean Views. LLC Buyer and Borrower. 6 Month interest reserve and guarantee offered by Borrower at closing. Looking to close escrow by 3/15/2024. Thank you for your interest.
Status
Closed
Created
March 1, 2024 - 12:22pm
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