Loan amount
$135,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$225,000
{PP:$225,000}
LTV
60%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
800
Deal experience
10 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Johnson City
State
Tennessee
Loan Details
Purchase price
$225,000
Down payment
$90,000
Additional Loan Information
This is for the purchase of a 4000 sq foot metal building currently used as a strip club (Adult Entertainment) Buyer owns other strip clubs, will renovate building with own funds and open his own club in the building. I am a broker, looking for a direct lender, no brokers please.
Status
Open
Created
February 18, 2021 - 5:32pm
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