Commercial
Posted 24d agoCommercial single family loan in Nashville
$375,000
Location
Nashville, TN 37203
Target rate
10.37%
Term
18 mo
Property type
Single Family
Property & underwriting
- Occupancy
- Tenant occupied
- Units
- 2
- Lien position
- Second lien
- As-is value
- $680,000
- LTV (as-is)
- 55.1%
- Purchase price
- $628,000
- After-repair value
- $873,000
- Loan-to-ARV
- 43.0%
- Rehab budget
- $60,000
- Exit strategy
- Sell after renovation
- Borrower experience
- First-time investor
- Credit score range
- 650-699
- Borrowing entity
- S-Corp
- Funding timeline
- 30 days
- Additional collateral
- Single Family at Nashville, TN
Use of funds
Purchase
Deal summary
Acquisition + rehab on a single family in Nashville, TN. Borrower is seeking $375,000 at up to 10.37% for 18 months. Sell at completion.