Loan amount
$5,900,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$8,000,000
{PP:$6,000,000}
ARV
74%
{ARV}
Property type
Hotel
Borrower Details
Credit score
680
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Miami
State
Florida
Loan Details
Purchase price
$6,000,000
Down payment
$1,000,000
Cost of improvements
$900,000
Estimated property value after repairs
$8,000,000
Additional Loan Information
Purchase 65 room hotel. Renovate and rent same.
Status
Open
Created
January 26, 2021 - 5:54pm
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