Loan amount
$2,000,000
Loan type
As-Is Property Value
$3,100,000
LTV
65% {LTV}
Property type
8 unit commercial
Borrower Details
Credit score
780
Deal experience
5 deals
This loan scenario was submitted by a Broker
Property Details
State
California
Loan Details
Additional Loan Information
The property currently brings in 12,500 a month in rent. We want to convert to mix use air bnb, commercial and long term rentals. This would increase monthly rents to a min of 16,000 a month. Once all rented, sell property for 2.8-3.3 million
Status
Created
September 21, 2019 - 12:26am

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