Loan amount
$10,000,000
Loan type
As-Is Property Value
$12,500,000
LTV
80%
{LTV}
Property type
RV Park
Borrower Details
Credit score
600
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
New Mexico
Loan Details
Additional Loan Information
The deal is offered at $12.5M. There is some seller financing available, assuming $2.5M for that. The park has over 300 units with most occupied. It is comprised of both mobile homes and RVs. The monthly net income is around $160K. Not yet in contract. Property located in Carlsbad, NM. 1 year loan term. Will refinance afterwards.
Status
Closed
Created
January 30, 2020 - 1:48pm
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