Loan amount
$4,450,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$8,500,000
{PP:$5,500,000}
ARV
52%
{ARV}
Property type
Assisted Living Facility
Borrower Details
Credit score
650
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Athens
State
Texas
Loan Details
Purchase price
$5,500,000
Down payment
$1,650,000
Cost of improvements
$600,000
Estimated property value after repairs
$8,500,000
Additional Loan Information
CRE is 120-bed Capacity Vacant Senior Care Facility: Down Payment represents accepted Seller Finance. Cost of Repairs includes Working Capital to cover the first 6 months to optimize facility. Our Plan is to acquire, and run operations with experienced Management Company to 90% Occupancy Rate within 12 mos. Projected Income $7.2M, OpEx $3.9M. Annualized Growth Rate 20%, with average Profit Margin averaging 40%.
Status
Open
Created
March 9, 2021 - 4:28am
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