Loan amount
$166,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$300,000
{PP:$200,000}
LTV
55%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
650
Deal experience
None
This loan scenario was submitted by a Broker
Yes
Property Details
City
Buckhannon
State
West Virginia
Loan Details
Purchase price
$200,000
Down payment
$34,000
Additional Loan Information
The client is the owner of a farm equipment supplier business and currently operates the company on the existing property. They now rent the commercial property from the owner for $3,000 per month. The buyer has already given the current owner a down payment of $34,000 towards the property purchase.
Status
Open
Created
August 11, 2021 - 5:41pm
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