Loan amount
$350,000
Loan type
As-Is Property Value
$599,000
LTV
59%
{LTV}
Property type
Commercial
Borrower Details
Credit score
480
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
Tennessee
Loan Details
Additional Loan Information
Great single family residence that will be converted to a commercial property. Using funds to acquire, rehab and rent. Purchase price $250K. Renovation budget $100K. Renovation timeline of 6 months or less. ARV $599K. Not yet in contract. Property located in Crossville, TN.
Status
Closed
Created
January 4, 2020 - 11:31am
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