Loan amount
$112,500
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$140,000 {PP:$125,000}
LTV
80% {LTV}
Property type
Medical Office
Borrower Details
Credit score
700
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Bettendorf
State
Iowa
Loan Details
Purchase price
$125,000
Down payment
$12,500
Additional Loan Information
Small bldg w/room for 3 business to have office. Prior to COVID it was a sign company and chiropractor office. Intent would be to owner occupy 1/3 of space and place tenants into other spaces. Have not offered on property yet but hope to be able to settle on 120k or less as a price. I am attempt to purchase a space to be able to start a bookkeeping service and house a auction consignment service.
Status
Created
September 15, 2022 - 11:49am

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