Loan amount
$950,000
Loan type
Refinance
{Fix&Rent}
After Repair Value
$2,000,000
ARV
48%
{ARV}
Property type
Other Commercial
Borrower Details
Credit score
550
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Manhattan
State
Kansas
Loan Details
Current mortgage balance
$850,000
Cost of improvements
$100,000
Estimated property value after repairs
$2,000,000
Additional Loan Information
Equestrian center renovated into an event venue with two short term homes in phase 1 and phase 2 and 3 after we refinance property after phase one is complete will add 8-12 cottages per phase to bring the property value after the 3 years to closer to 3 million
Status
Open
Created
February 16, 2024 - 8:15pm
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