Loan amount
$690,000
Loan type
Purchase
{Construction}
After Repair Value
$1,200,000
{PP:$680,000}
ARV
58%
{ARV}
Property type
Hotel
Borrower Details
Credit score
760
Deal experience
40 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Cloudcroft
State
New Mexico
Loan Details
Purchase price
$680,000
Down payment
$120,000
Cost of improvements
$130,000
Estimated property value after repairs
$1,200,000
Additional Loan Information
We are a licensed general contractor acquiring a business with real estate as part of the acquisition. The property needs just a little work. Already has a newer: Roof, plumbing, electrical, HVAC - all the big ones. 3,8860 sq ft.
The property needs to be refreshed and modernized. There will be small rehab/redesign in the kitchen. The floors are being kept. We will also be modernizing the outside to accommodate additional revenue sources.
Realistically, we don't expect the remodeling to be more than $100k, but we are forecasting $120k, in case. The project will be done in one month.
As this will be a commercial business, when stabilized, we expect the valuation to reach $1.5-$1.7m.
The property needs to be refreshed and modernized. There will be small rehab/redesign in the kitchen. The floors are being kept. We will also be modernizing the outside to accommodate additional revenue sources.
Realistically, we don't expect the remodeling to be more than $100k, but we are forecasting $120k, in case. The project will be done in one month.
As this will be a commercial business, when stabilized, we expect the valuation to reach $1.5-$1.7m.
Status
Open
Created
August 24, 2026 - 5:57pm
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