Loan amount
$5,550,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$10,000,000
{PP:$8,300,000}
ARV
56%
{ARV}
Property type
Single Family
Borrower Details
Credit score
720
Deal experience
3 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Angwin
State
California
Loan Details
Purchase price
$8,300,000
Down payment
$3,000,000
Cost of improvements
$250,000
Estimated property value after repairs
$10,000,000
Additional Loan Information
Napa Valley Estate! 12,188 Sq Ft Villa on 7.5 Acres in the Howell Mountain Appellation of Napa Valley. LLC Buyer with 700+ credit sponsor. As is appraisals for $6.5M-7.4M and ARV appraisal of $8.3M from August 2023. Rebuild cost of the structure exceeds $10M, plus 7.5 acres of land.
Status
Closed
Created
March 1, 2024 - 11:59am
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