Loan amount
$3,000,000
Loan type
Purchase {Fix&Rent}
After Repair Value
$6,000,000 {PP:$500,000}
ARV
50% {ARV}
Property type
Hotel
Borrower Details
Credit score
762
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Pompano Beach
State
Florida
Loan Details
Purchase price
$500,000
Down payment
$1,000,000
Cost of improvements
$3,500,000
Estimated property value after repairs
$6,000,000
Additional Loan Information
We are an Alternative investment fund with an allocation to Real estate, seeking a private money lender for 3 properties above 5M we're considering. Our approach is unique in that any private lender we work with would require us to intake the funds into our fund to be recorded on our ledger and then used to purchase the property, we will offer full transparency of the purchase agreement, contract with seller, and any due diligence required. Prefer to use DSCR for underwriting purpsoes.
Status
Created
December 6, 2024 - 10:27am

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