Loan amount
$2,670,000
Loan type
Purchase {Fix&Flip}
After Repair Value
$12,000,000 {PP:$1,890,000}
ARV
22% {ARV}
Property type
Other Commercial
Borrower Details
Credit score
580
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Battle Creek
State
Michigan
Loan Details
Purchase price
$1,890,000
Down payment
$0
Cost of improvements
$780,000
Estimated property value after repairs
$12,000,000
Additional Loan Information
I'm acquiring a 134 acre parcel with the plan to get it rezoned to t3 commerical and r2 light to med density residential. Worse case will take 12 months to complete but realisticaly about 4 to 6 months to get rezoned and entitle the commerical lots. After rezoning I would sell to a developer for 5 Million for the residential in the north property and 5 Million in the South Property and Sell the commerical individually. I have all the pitch decks and timelines waiting for you if interested.
Status
Created
May 5, 2026 - 5:31pm

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