Loan amount
$150,000
Loan type
Refinance
{Fix&Rent}
After Repair Value
$345,000
ARV
43%
{ARV}
Property type
Other Commercial
Borrower Details
Credit score
760
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Greenfield
State
Ohio
Loan Details
Current mortgage balance
$0
Cost of improvements
$150,000
Estimated property value after repairs
$345,000
Additional Loan Information
Building is zoned as mixed-use. Plan to rehab to put 4 commercial spaces and 2 residential spaces. Will refinance into a long-term loan after rehab is complete and hold for rental. We also own 2 additional buildings on the same street. Building is in historic district.
Status
Open
Created
March 10, 2023 - 5:28pm
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