Loan amount
$1,300,000
Loan type
Purchase
{Construction}
After Repair Value
$2,800,000
{PP:$800,000}
ARV
46%
{ARV}
Property type
Industrial/Warehouse
Borrower Details
Credit score
700
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
ALBANY
State
New York
Loan Details
Purchase price
$800,000
Down payment
$300,000
Cost of improvements
$800,000
Estimated property value after repairs
$2,800,000
Additional Loan Information
I would like to construct a manufactured home facility. The facility would be used to manufacture starter homes and rentals for the affordable housing community. The cost of the building and machinery would be $2,800,000.
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
February 8, 2024 - 11:00am
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