Loan amount
$900,000
Loan type
As-Is Property Value
$1,575,000
LTV
58%
{LTV}
Property type
Commercial
Borrower Details
Credit score
550
Deal experience
30 deals
This loan scenario was submitted by a Broker
Property Details
State
Idaho
Loan Details
Additional Loan Information
Restaurant, Bar, Gaming, 10 Unit Motel With 3 Bedroom House, 17 RV Spaces and 4 Unit Apartment Unit. This would be for purchase and the asking price is $1,250,000 and appraised at $1,570,000 about a year ago. I have all the taxes for the past three years plus the appraisal. I am looking for a loan up to $900,000 and the sellers will carry a second to lender. I need approx. 36 months, I would then look for refinancing or before.
Status
Closed
Created
November 18, 2019 - 2:12pm
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