Loan amount
$730,000
Loan type
Purchase {Fix&Rent}
Property value
$900,000 {PP:$700,000}
ARV
81% {ARV}
Property type
Other Commercial
Credit score
628
Deal experience
None
This loan scenario was submitted by a Broker
No
City
Lebanon
State
Missouri
Purchase price
$700,000
Down payment
$20,000
Cost of improvements
$50,000
Estimated property value after repairs
$900,000
Additional Loan Information
To purchase a historic route 66 business to live in the house and open a mechanic shop and rent to out to and already establish mechanic and a pre establish client's at a monthly rent of shop and 2 acres of the property for for 1200.00 monthly and later on sell 12 acres of the property as commerical development property and finishing paying off the laon
Status
Created
April 16, 2023 - 9:39pm

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