Loan amount
$85,000
Loan type
As-Is Property Value
$600,000
LTV
15%
{LTV}
Property type
Commercial
Borrower Details
Credit score
600
Deal experience
100 deals
This loan scenario was submitted by a Broker
Property Details
State
Pennsylvania
Loan Details
Additional Loan Information
Trophy property with 4 units: Restaurant/Pub/Brewery, Banquet hall, Office space. This is bank owned; I made a low ball offer and they took it. $85K purchase price. Renovation budget $40K. I plan to fund the rehab myself, just need money for the purchase. 60 day renovation timeline. ARV $600K. Already in contract. Property located in Franklin PA 16323. Will refi in 6 months and hold as a rental.
Status
Closed
Created
March 7, 2020 - 1:32pm
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