Loan amount
$315,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$400,000 {PP:$350,000}
LTV
79% {LTV}
Property type
Other Commercial
Borrower Details
Credit score
722
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Jefferson
State
Georgia
Loan Details
Purchase price
$350,000
Down payment
$35,000
Additional Loan Information
I am a real estate Broker LLC looking to purchase first investment property and lease to an automotive business. Property is located in Downtown Jefferson, and I receive many inquiries from commercial clients about an automotive building to lease. The demand is there with automotive pre-owned sales increasing, and the need for affordable automotive rentals. This property of interest is an off market property until next week.
Status
Created
January 11, 2022 - 11:03pm

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