Loan amount
$630,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$799,000
{PP:$700,000}
LTV
79%
{LTV}
Property type
Motel
Borrower Details
Credit score
770
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Watkins Glen
State
New York
Loan Details
Purchase price
$700,000
Down payment
$70,000
Additional Loan Information
Have no made offer yet. Looking to buy a motel with has a owners house. So would be owner occupied. Will ask for current owners to train us to run it properly. Have management experience from past jobs but not in the motel industry.
Status
Open
Created
January 9, 2022 - 4:17pm
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