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
Pending review: Please check your email. We will be sending you follow-up questions, if needed. Be sure to check your spam folder.
Created
April 16, 2023 - 9:39pm
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