Loan amount
$175,000
Loan type
As-Is Property Value
$525,000
LTV
34%
{LTV}
Property type
Motel & RV Park
Borrower Details
Credit score
600
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
Oregon
Loan Details
Additional Loan Information
Lakefront. Huge value add potential. Need quick, no appraisal 35% LTV bridge for 3 months. Stabilized property with $70k NOI for past several years. Seller is carrying $324k (70%) in 2nd position. Loan request is $175k 1st position. CMA from broker to verify value of $450-600k as-is. $499k purchase price. Exit is to refinance within 3 months. I am a broker representing my client.
Status
Closed
Created
September 15, 2019 - 5:16pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Oregon Portland | Salem | Eugene | Gresham | Hillsboro | Bend Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans