Loan amount
$450,000
Loan type
As-Is Property Value
$750,000
LTV
60%
{LTV}
Property type
Assisted living
Borrower Details
Credit score
640
Deal experience
25 deals
This loan scenario was submitted by a Broker
Property Details
State
Mississippi
Loan Details
Additional Loan Information
Needs sprinkler system. The building has had a complete renovation. The state division of Medicaid needs the 25 beds to free up the beds at a state hospital that’s less than 5 miles away. This will be a first mortgage on the facility.
Status
Closed
Created
August 18, 2019 - 11:02am
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