Loan amount
$33,900,000
Loan type
Purchase
{Fix&Flip}
After Repair Value
$95,000,000
{PP:$19,000,000}
ARV
36%
{ARV}
Property type
Hotel
Borrower Details
Credit score
700
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Daytona Beach
State
Florida
Loan Details
Purchase price
$19,000,000
Down payment
$100,000
Cost of improvements
$15,000,000
Estimated property value after repairs
$95,000,000
Additional Loan Information
The Plaza Resort and Spa, a 4 start beach front hotel in Daytona Beach Florida, we are under a complete renovation right now,need 15m more to finish the project and reopen the business .pro forma and budget projection are ready .
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
August 24, 2025 - 9:31pm
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