Loan amount
$4,420,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$4,500,000 {PP:$4,500,000}
LTV
98% {LTV}
Property type
Industrial/Warehouse
Borrower Details
Credit score
693
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Dallas
State
Oregon
Loan Details
Purchase price
$4,500,000
Down payment
$80,000
Additional Loan Information
Property selected. Huge Lease income opportunity. 66acres total; 20acre Section of land can be broken off and sold as urban development / residential. Several large buildings that can be leased. Has 168k/yr income presently, 30k/yr property tax. I would occupy one of the larger vacant buildings with my startup companies and lease everything else out. 40 acres paved and rent-able. And more... I want this property. It's a mess of concrete rubble and brush in some areas, and buildings can use some rot repair and paint; also utility improvements to prepare for better tenants.
Status
Created
February 19, 2022 - 5:24pm

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