Loan amount
$900,000
Loan type
As-Is Property Value
$1,200,000
LTV
75%
{LTV}
Property type
16 Unit Motel/Housing
Borrower Details
Credit score
750
Deal experience
2 deals
This loan scenario was submitted by a Broker
Property Details
State
California
Loan Details
Additional Loan Information
I'd like to purchase this 16-unit motel property (https://buildout.com/website/191721-sale), remodel the units and rent them out. Located in South Lake Tahoe, CA. Purchase price $1.2M. Renovation budget $100-200K and will take 6 months. I will be providing the rest of the funding myself.
Status
Closed
Created
October 15, 2019 - 6:33pm
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