Loan amount
$310,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$420,000 {PP:$140,000}
ARV
74% {ARV}
Property type
Industrial/Warehouse
Borrower Details
Credit score
680
Deal experience
9 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Augusta
State
Georgia
Loan Details
Purchase price
$140,000
Down payment
$33,000
Cost of improvements
$203,000
Estimated property value after repairs
$420,000
Additional Loan Information
The building was previously used as office space, retail store, and a warehouse that was rented to a constructioncompany. I plan updating the office space, the retail store, adding one more retail store, and update the warehouse. I need a total of $203k for repairs. I will be put in $23k of the repair costs and I would need the remaining financed with the property, which is $180k. I have tenants ready to rent out all 5 spaces. I need the loan for 18 to 24 months.
Status
Created
December 17, 2023 - 2:10pm

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