Loan amount
$10,500,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$15,000,000
{PP:$13,500,000}
LTV
70%
{LTV}
Property type
Hotel
Borrower Details
Credit score
770
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Moline
State
Illinois
Loan Details
Purchase price
$13,500,000
Down payment
$3,000,000
Additional Loan Information
100-room hotel in Moline, IL. Incredibly strong occupancy on a daily basis. $3.05 million yearly gross.
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
December 19, 2023 - 9:15pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Illinois Chicago | Aurora | Naperville | Joliet | Rockford | Springfield Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans