Loan amount
$290,000
Loan type
Purchase
{Construction}
After Repair Value
$460,000
{PP:$160,000}
ARV
63%
{ARV}
Property type
Other Commercial
Borrower Details
Credit score
695
Deal experience
5 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Mayagüez
State
Florida
Loan Details
Purchase price
$160,000
Down payment
$60,000
Cost of improvements
$190,000
Estimated property value after repairs
$460,000
Additional Loan Information
Vacant Land purchase for $160,000.00
Improvements - construction of 7 studios for students in the second floor and 3 commercial spaces in the first floor.
Total Construction Cost $190,000.00
Total Land Cost $160,000.00
Total Down Payment $60,000.00
Total Loan $290,000.00
Total Value of Property after Improvements $460,000.00
I have over 20 years experience in development
THE DEVELOPMENT IS IN PUERTO RICO, U.S.A. ( NOT FLORIDA)
Improvements - construction of 7 studios for students in the second floor and 3 commercial spaces in the first floor.
Total Construction Cost $190,000.00
Total Land Cost $160,000.00
Total Down Payment $60,000.00
Total Loan $290,000.00
Total Value of Property after Improvements $460,000.00
I have over 20 years experience in development
THE DEVELOPMENT IS IN PUERTO RICO, U.S.A. ( NOT FLORIDA)
Status
Open
Created
January 19, 2021 - 6:26am
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