Loan amount
$675,000
Loan type
Refinance
{Fix&Rent}
After Repair Value
$1,100,000
ARV
61%
{ARV}
Property type
Other Commercial
Borrower Details
Credit score
560
Deal experience
2 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Montgomery
State
Alabama
Loan Details
Current mortgage balance
$500,000
Cost of improvements
$175,000
Estimated property value after repairs
$1,100,000
Additional Loan Information
Borrower used a bridge to purchase a grocery store in commercial corridor adjacent to new Hyundai manufacturing plant in Montgomery. Needs to funds to refinance orignal debt and repair facility/ reopen and stabilize
Status
Open
Created
August 12, 2022 - 1:33pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Alabama Birmingham | Montgomery | Huntsville | Mobile | Tuscaloosa | Hoover Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans