Loan amount
$380,000
Loan type
As-Is Property Value
$380,000
LTV
100%
{LTV}
Property type
Commercial / Motel and Campground
Borrower Details
Credit score
630
Deal experience
4 deals
This loan scenario was submitted by a Broker
Property Details
State
Washington
Loan Details
Additional Loan Information
This is an investment property with a single family residence, an 8 room motel, and a campground with 22 camp sites. We are currently in contract with the seller on the property. The income streams of this property are multi-faceted. We are current business owners and entrepreneurs. Purchase price $380K. We are trying to find financing with very little down at this time. When we started this process, we were going to sell stock to pay a down payment of $100K. Now, we don't have that available to use at this time, due to the devastation in the current stock markets. It is located in Copalis Beach, WA. The loan duration is completely negotiable. Projected income for 2020 $157K.
Status
Closed
Created
March 25, 2020 - 8:43am
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