Loan amount
$13,500,000
Loan type
Purchase
{Construction}
After Repair Value
$15,000,000
{PP:$6,500,000}
ARV
90%
{ARV}
Property type
Restaurant/Entertainment
Borrower Details
Credit score
570
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Roseburg
State
Oregon
Loan Details
Purchase price
$6,500,000
Down payment
$0
Cost of improvements
$7,000,000
Estimated property value after repairs
$15,000,000
Additional Loan Information
My company will be building an entertainment center that contains a three screen drive in, three screen indoor theater and a radio station. 1.5 million dollars needed to build radio station, 5.5 million to build theaters. The land acquisition cost is 6.5 million. I am willing to throw in my Bob Hope USO Show to the project, based on the demand and radio station in the mix can kick up the base value to 3.5 Times the billing or nearly $25,000,000 !
Status
Created
January 20, 2021 - 8:31am
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