Loan amount
$139,500
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$155,000
{PP:$154,900}
LTV
90%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
640
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Demotte
State
Indiana
Loan Details
Purchase price
$154,900
Down payment
$15,490
Additional Loan Information
The building once was a bar with a attached 3 bedroom apartment. The apartment is leased to long term tenants for $750 a month. We are interested in purchasing the building and eventually starting a liquor store. The nearest liquor store is about 15 miles away.
Status
Open
Created
June 14, 2021 - 6:27pm
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