Loan amount
$990,000
Loan type
Refinance {Fix&Rent}
Property value
$3,000,000
ARV
33% {ARV}
Property type
Mobile Home Park
Credit score
740
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
City
Lockhart
State
Texas
Current mortgage balance
$825,000
Cost of improvements
$165,000
Estimated property value after repairs
$3,000,000
Additional Loan Information
Pay off 50% partner - $825000
Add 20 RV lots to the existing 40 RV lots ( all 40 are rented presently )
Add more amenities and improve roads
Status
Created
December 29, 2021 - 2:57pm

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