Loan amount
$1,200,000
Loan type
Purchase
{Rent&Hold}
Property value
$1,200,000
{PP:$1,200,000}
LTV
100%
{LTV}
Property type
Motel
Credit score
500
Deal experience
None
This loan scenario was submitted by a Broker
No
City
Hatch
State
Utah
Purchase price
$1,200,000
Down payment
$0
Additional Loan Information
This is a motel between Bryce Canyon and Zion national park. The location is ideal for business. It has a restaurant that has the potential of bringing in even more revenue. The property also has a 12% cap rate. This would be my first investment property and I would love the opportunity to pursue my dreams. I am currently just looking at the property. I have not taken any other steps.
Status
Pending review: Please check your email. We will be sending you follow-up questions, if needed. Be sure to check your spam folder.
Created
September 7, 2023 - 4:00am
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