Loan amount
$1,200,000
Loan type
As-Is Property Value
$2,300,000
LTV
53%
{LTV}
Property type
Commercial / Retail Dealership
Borrower Details
Credit score
540
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Illinois
Loan Details
Additional Loan Information
Looking to purchase and hold. Was asking $2.3M. Need to add equipment in this building which should increase the appraisal. Term 10 years - 30 years. Purchase Price $1.2M. Renovation $85-175K. Estimate ARV $2.3M. Location Aurora, Illinois. Would like to keep it for a business venture.
Status
Closed
Created
July 6, 2020 - 2:28pm
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