Loan amount
$770,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$1,500,000 {PP:$970,000}
LTV
51% {LTV}
Property type
Assisted Living Facility
Borrower Details
Credit score
720
Deal experience
25 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Lead
State
South Dakota
Loan Details
Purchase price
$970,000
Down payment
$200,000
Additional Loan Information
The 200k covers down payment at bank. 23 unit assistant living building. 10 with full kitchens. Will be adding 13 kitchenettes and renting as apartments. Interested buyers for 1.5m once leased.

Will refinance building and payback investor.
Status
Created
October 14, 2023 - 10:53pm

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