Loan amount
$185,000
Loan type
Purchase
{Fix&Rent}
After Repair Value
$450,000
{PP:$175,000}
ARV
41%
{ARV}
Property type
Hotel
Borrower Details
Credit score
737
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Drummond
State
Montana
Loan Details
Purchase price
$175,000
Down payment
$40,000
Cost of improvements
$50,000
Estimated property value after repairs
$450,000
Additional Loan Information
Early 1900s hotel in need of restoration going to start with updating the plumbing and adding private restrooms in the rooms. That is the biggest part of the remodeling then refinishing the wood floors looking to have 10 airbnb type rooms up and running within six months
Status
Open
Created
April 13, 2021 - 11:28am
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