Loan amount
$114,500,000
Loan type
Purchase {Construction}
After Repair Value
$120,000,000 {PP:$15,000,000}
ARV
95% {ARV}
Property type
Hotel
Borrower Details
Credit score
500
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Orlando
State
Florida
Loan Details
Purchase price
$15,000,000
Down payment
$500,000
Cost of improvements
$100,000,000
Estimated property value after repairs
$120,000,000
Additional Loan Information
Luxury hotel development that is shovel ready in Orlando Florida. Ready to build. Looking to purchase the land then obtain a 100 percent construction loan. Will be applying for federal grants to obtain more funds towards down the purchase of the land and down payment. Open to 100 percent loan in exchange for 10 percent equity too.
Status
Created
June 25, 2021 - 9:30am

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