Loan amount
$10,000,000
Loan type
Purchase
{Construction}
After Repair Value
$25,000,000
{PP:$1,000,000}
ARV
40%
{ARV}
Property type
Assisted Living Facility
Borrower Details
Credit score
700
Deal experience
5 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Creswell
State
Oregon
Loan Details
Purchase price
$1,000,000
Down payment
$9,000,000
Cost of improvements
$18,000,000
Estimated property value after repairs
$25,000,000
Additional Loan Information
ALF under construction has put in 50% of his own money. Was expecting USDA and they never did approve it. Strong experienced developer high net worth owns many ALF facilities both in Oregon and other states
Status
Open
Created
December 17, 2023 - 2:51pm
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