Loan amount
$270,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$300,000
{PP:$255,000}
ARV
90%
{ARV}
Property type
Other Commercial
Borrower Details
Credit score
549
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Dundalk
State
Maryland
Loan Details
Purchase price
$255,000
Down payment
$15,000
Cost of improvements
$30,000
Estimated property value after repairs
$300,000
Additional Loan Information
The building is a Multi Use investment property. There are two 2 bedroom apartments on the second floor and a turn key restaurant space on the first floor. I would like to purchase, rehab and rent the apartments and pay rent to myself for the restaurant. I would like to be the Owner/Chef of the restaurant space.
Status
Open
Created
May 21, 2021 - 10:01pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Maryland Baltimore | Frederick | Rockville | Gaithersburg | Bowie | Hagerstown Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans