Loan amount
Loan type
As-Is Property Value
34% {LTV}
Property type
Motel & RV Park
Borrower Details
Credit score
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
Loan Details
Additional Loan Information
Lakefront. Huge value add potential. Need quick, no appraisal 35% LTV bridge for 3 months. Stabilized property with $70k NOI for past several years. Seller is carrying $324k (70%) in 2nd position. Loan request is $175k 1st position. CMA from broker to verify value of $450-600k as-is. $499k purchase price. Exit is to refinance within 3 months. I am a broker representing my client.
September 15, 2019 - 5:16pm

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