Loan amount
$75,000
Loan type
As-Is Property Value
$150,000
LTV
50%
{LTV}
Property type
Commercial / Restaurant
Borrower Details
Credit score
650
Deal experience
100 deals
This loan scenario was submitted by a Broker
Property Details
State
North Carolina
Loan Details
Additional Loan Information
I currently owe $37K on the property. Undergoing a complete renovation with $65K already put in. Currently worth $150K. Will be worth an estimated $265K once the renovations are complete. Property located in Tabor CIty, NC. 1790 sqft. I have a 5-year lease for $2,200/month once it's completed. Loan duration 24 months.
Status
Closed
Created
April 6, 2020 - 12:59pm
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