Loan amount
$600,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$3,500,000
{PP:$650,000}
ARV
17%
{ARV}
Property type
Retail/Strip Mall
Borrower Details
Credit score
654
Deal experience
1 deal
This loan scenario was submitted by a Broker
Yes
Property Details
City
Lansing
State
Illinois
Loan Details
Purchase price
$650,000
Down payment
$200,000
Cost of improvements
$150,000
Estimated property value after repairs
$3,500,000
Additional Loan Information
$ unit commercial strip brick single story. Located in heavily commercialized area of city. tenants will be a Mexican restaurant franchise and a beauty supply store.
Status
Open
Created
April 5, 2024 - 12:39pm
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