Loan amount
$200,000
Loan type
As-Is Property Value
$475,000
LTV
43%
{LTV}
Property type
Commercial / Motel
Borrower Details
Credit score
680
Deal experience
2 deals
This loan scenario was submitted by a Broker
Property Details
State
Florida
Loan Details
Additional Loan Information
Purchased June 2019, private owner financed 20 unit motel for $250k, loan balance $165k. Rehab cost $130k, totally renovated, average monthly sales $11k during renovation period and Covid 19. Minimum cash out refi. Property located in Plymouth, NC. 24 month term.
Status
Closed
Created
June 2, 2020 - 11:31am
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