Loan amount
$3,450,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$5,200,000
{PP:$3,600,000}
ARV
66%
{ARV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
650
Deal experience
16 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Bakersfield CA
State
California
Loan Details
Purchase price
$3,600,000
Down payment
$500,000
Cost of improvements
$350,000
Estimated property value after repairs
$5,200,000
Additional Loan Information
24 unit value Add, visited site, asset is 1984 product! All units in their classic condition, grounds and laundry require upgrades of moderate to lite!
Status
Open
Created
November 9, 2021 - 11:39am
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