Loan amount
$30,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$50,000 {PP:$30,000}
LTV
60% {LTV}
Property type
Other Commercial
Borrower Details
Credit score
500
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Trenton
State
Tennessee
Loan Details
Purchase price
$30,000
Down payment
$0
Additional Loan Information
This is an old block building, that has been a pool hall, restaurant, and could be repurposed for many of things. I’ve already got a contract on this property and have started the renovation process. Things have proven to be more costly than I anticipated, so looking for an option to get it completed and if I’m unable to keep, then I’d like to flip it.
Status
Created
October 29, 2023 - 9:43pm

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