Loan amount
$14,100,000
Loan type
Purchase
{Construction}
After Repair Value
$20,000,000
{PP:$2,950,000}
ARV
71%
{ARV}
Property type
Sports Facility
Borrower Details
Credit score
590
Deal experience
3 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Cicero
State
Illinois
Loan Details
Purchase price
$2,950,000
Down payment
$350,000
Cost of improvements
$11,500,000
Estimated property value after repairs
$20,000,000
Additional Loan Information
Our company will be a first class multi sport complex that provides its users with various services and activities comprising of three full soccer fields, full size basketball courts which can accommodate many other sports.
We will be well equipped to service the whole of the community as well as visitors, traveling teams, and tournament opportunities.
The facility will also have a food and beverage lounge area, offices, arcade, pro shop and full service locker rooms in the facility.
There is tiff money pace money....
Other sponsorship monies Coca-Cola wants to give 5 million for advertising, many more
sponsorship immediate funds for 2mill
We will be well equipped to service the whole of the community as well as visitors, traveling teams, and tournament opportunities.
The facility will also have a food and beverage lounge area, offices, arcade, pro shop and full service locker rooms in the facility.
There is tiff money pace money....
Other sponsorship monies Coca-Cola wants to give 5 million for advertising, many more
sponsorship immediate funds for 2mill
Status
Open
Created
August 22, 2023 - 3:13pm
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