Loan amount
$800,000
Loan type
As-Is Property Value
$1,405,000
LTV
57%
{LTV}
Property type
Commercial / Retail plaza
Borrower Details
Credit score
615
Deal experience
10 deals
This loan scenario was submitted by a Broker
Property Details
State
Florida
Loan Details
Additional Loan Information
Just looking, wondering if 100% construction or improvement costs can be financed as well. Purchase price $795K. Construction budget $180K. Timeline of 6 months. Post-construction value of $1,405M. Not yet in contract. Property located in Lehigh Acres, FL. Will hold as a rental. Prefer 10 year amortized over 30 year.
Status
Closed
Created
March 2, 2020 - 8:59am
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