Loan amount
$3,500,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$4,700,000 {PP:$3,500,000}
LTV
74% {LTV}
Property type
Hotel
Borrower Details
Credit score
650
Deal experience
12 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Costa Rica
State
California
Loan Details
Purchase price
$3,500,000
Down payment
$0
Additional Loan Information
Incredible 5-star resort investment at 74% FMV. This Hotel is located just right next to the sandy beaches of the Pacific Ocean in Costa Rica. With a purchase price of $3,500,000 and the cap rate averaging an astonishing 14% over the last 4 years up until July 2020, resulting in an NOI of over $500,000. Experienced investors as buyers, long-standing hotel in area of growth, 26% equity. Results in great security for any lender.
Status
Created
February 8, 2021 - 6:08pm

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