Loan amount
$6,000,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$13,000,000
{PP:$4,500,000}
ARV
46%
{ARV}
Property type
Other Commercial
Borrower Details
Credit score
815
Deal experience
10 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Centennial
State
Colorado
Loan Details
Purchase price
$4,500,000
Down payment
$500,000
Cost of improvements
$2,000,000
Estimated property value after repairs
$13,000,000
Additional Loan Information
We have an opportunity to purchase a 72,000 sq ft mixed use property for $60/sq foot for a total purchase price of $4.5 million. We expect to put in 1-1.5 million in repairs for a total of $6 million. After demising spaces we estimate we can sell the individual units for $178/sq feet for a total of 12.8 million ARV. We're seeking a loan for 100% of the purchase price and possibly the construction. The property is cash flowing roughly $400,000 per year as well.
Status
Open
Created
February 22, 2024 - 5:25pm
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