Loan amount
$135,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$200,000 {PP:$140,000}
ARV
68% {ARV}
Property type
Retail/Strip Mall
Borrower Details
Credit score
685
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Heath
State
Ohio
Loan Details
Purchase price
$140,000
Down payment
$20,000
Cost of improvements
$15,000
Estimated property value after repairs
$200,000
Additional Loan Information
The property is located in close proximity to downtown Newark, Ohio, a growing city in the Central Ohio area. It is zoned for Retail and is located in an area that will see significant growth and development in the near future. It is structurally sound, but outdated. Paint, flooring and other minor repairs will make a huge difference in the quality of the property. Upon completion, we will lease the property to a local business.
Status
Created
February 26, 2023 - 10:34am

Hard Money Lenders Now Offering Real Estate Investor Loans in Ohio Columbus | Cleveland | Cincinnati | Toledo | Akron | Dayton Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans