Loan amount
$1,000,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$1,250,000
{PP:$1,200,000}
LTV
80%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
750
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Brainard
State
Minnesota
Loan Details
Purchase price
$1,200,000
Down payment
$200,000
Additional Loan Information
Luxury vacation rental in prime lake country. After $300000 renovation is complete, the property will have 10 Beds, 6 baths with over 5000 sq ft of livable space, including a detached clubhouse with theater.
I need help with $100000k of down payment and I would like to pay interest only for 5 years and then payback the $100k at the 5 year mark. Wondering if what my options are?
I need help with $100000k of down payment and I would like to pay interest only for 5 years and then payback the $100k at the 5 year mark. Wondering if what my options are?
Status
Open
Created
April 20, 2022 - 10:25pm
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