Loan amount
$15,900,000
Loan type
Purchase {Fix&Flip}
Property value
$24,000,000 {PP:$15,000,000}
ARV
66% {ARV}
Property type
Assisted Living Facility
Credit score
774
Deal experience
18 deals
This loan scenario was submitted by a Broker
No
City
Bergen
State
New Jersey
Purchase price
$15,000,000
Down payment
$100,000
Cost of improvements
$1,000,000
Estimated property value after repairs
$24,000,000
Additional Loan Information
10 separately located high end Memory Care Communities that have approx 16 beds each which are only half occupied. As a previous owner operator for 40 years and a previous consultant of this project, I see huge upside based on my involvement and research plus I know that the owners are frustrated with the current carry they have without corresponding fill up trend due to poor management. Oppty for investors and me to generate great ROI and wealth.
Status
Created
May 5, 2021 - 6:23pm

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