Loan amount
$48,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$128,000
{PP:$68,000}
LTV
38%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
750
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Anchor Point
State
Alaska
Loan Details
Purchase price
$68,000
Down payment
$20,000
Additional Loan Information
We grow and sell cut peonies on 1.86 acres of the 3.36 tract. I had a 30-year lease and last year I got a contract for deed on the property. I would like to buy out the owner completely. The farm is young and produces 12000 stems this year. I sell them for an average of 3.12 per stem. Next year I should have 16 to 18 thousand stems. As they mature I get more stems. We plan to produce 30thousand stems annually. I have three national buyers that buy everything.
Status
Open
Created
August 11, 2022 - 4:37pm
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