Loan amount
$16,100,000
Loan type
Purchase {Construction}
After Repair Value
$40,000,000 {PP:$15,000,000}
ARV
40% {ARV}
Property type
Other Commercial
Borrower Details
Credit score
550
Deal experience
4 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Peoria
State
Illinois
Loan Details
Purchase price
$15,000,000
Down payment
$100,000
Cost of improvements
$1,200,000
Estimated property value after repairs
$40,000,000
Additional Loan Information
Hospitality project with 10 locations throughout the us. Price to purchase land, construct, and open is $1.2 million per location. Annual revenue is $40 mil
Status
Created
February 24, 2021 - 10:30am

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