Loan amount
$1,372,500
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$1,525,000
{PP:$1,525,000}
LTV
90%
{LTV}
Property type
Motel
Borrower Details
Credit score
600
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Norwalk
State
Ohio
Loan Details
Purchase price
$1,525,000
Down payment
$152,500
Additional Loan Information
Econo Lodge, Norwalk OH, excellent appearance and condition, NOI 2019 $267,000. I will have a team in place to run this operation and maintain current profitability. now preparing to make offer. Down payment assumes 10% Seller Down. Thank you.
Status
Open
Created
July 26, 2021 - 11:06am
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