Loan amount
$27,725,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$41,200,000 {PP:$39,950,000}
LTV
67% {LTV}
Property type
Assisted Living Facility
Borrower Details
Credit score
680
Deal experience
2 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Highwood
State
Illinois
Loan Details
Purchase price
$39,950,000
Down payment
$12,225,000
Additional Loan Information
Distressed but No Deferred Maintenance to the Facility or Property, property is Move-In Ready!!! Plus this Property has obtained all of the necessary permits and is virtually turn key!!! This Location was once a very Profitable Assisted Living Facility. Unfortunately during the Global Pandemic, the Managing Partner Unexpectedly Passed Away. During this time the decision was made to vacate the facility because the other Owner was going through a very Difficult and Costly Divorce.
*$41,200,000. - As-Is Value - Appraisal Report - 10/28/2023
Status
Created
October 31, 2023 - 4:46pm

Hard Money Lenders Now Offering Real Estate Investor Loans in Illinois Chicago | Aurora | Naperville | Joliet | Rockford | Springfield Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans