Loan amount
$76,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$180,000 {PP:$80,000}
LTV
42% {LTV}
Property type
Other Commercial
Borrower Details
Credit score
540
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Breckenridge
State
Minnesota
Loan Details
Purchase price
$80,000
Down payment
$4,000
Additional Loan Information
I opened a small thrift store a few months ago, it has been doing pretty good but I need a much larger space to attract more people. My space is only 1000 sq feet, I get 2-5 donators a day and I’m getting to crowded, the space I want is 10,589 square feet. I also have a friend who wants to go in with me and buy a bunch of liquidation items. I’m out little towns we don’t have many options for anything, so if we can be smart and price this game reasonable people will buy.
Status
Created
February 3, 2021 - 11:12pm

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