Loan amount
$150,000
Loan type
As-Is Property Value
$350,000
LTV
43%
{LTV}
Property type
Car lot
Borrower Details
Credit score
650
Deal experience
4 deals
This loan scenario was submitted by a Broker
Property Details
State
Tennessee
Loan Details
Additional Loan Information
Looking to purchase a car lot. Can put up a car lot I already own as collateral on the loan. Purchase price $150K. 100% financing would be ideal. Lot income $12K/month. No contract yet. Property located in Memphis, TN. Would prefer a 30 year loan, if possible. I have been in business for 7 years and I am profitable. Family was in car business for 25 years. The lot I already own is worth $200K and is owed free and clear. It brings in $1,900/month.
Status
Closed
Created
March 29, 2020 - 2:46pm
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