Commercial Loan with First Choice
Bob O'brien
630-845-2844 (PH)
First Choice 90% Commercial Finance Program
***Example Projects |
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| MC LLC - Series Fee | $ 3,900 | $ 3,900 | $ 3,900 |
| Purchase Price | $ 100,000 | $ 120,000 | $ 140,000 |
| Down Payment | $ 10,000 | $ 12,000 | $ 14,000 |
| Loan amount | $ 90,000 | $ 108,000 | $ 126,000 |
| Closing Costs ESTIMATE | $ 3,500 | $ 3,500 | $ 3,500 |
| Rehab Costs ESTIMATE | $ 12,000 | $ 12,000 | $ 12,000 |
| Capital Required by Investor | $ 29,400 | $ 31,400 | $ 33,400 |
| Interest Payments To First Choice | $ 1,856 | $ 2,228 | $ 2,599 |
| Total Project Costs | $ 121,256 | $ 141,628 | $ 161,999 |
| New Appraised Value (Est.) | $ 150,000 | $ 170,000 | $ 190,000 |
| 90% LTV | $ 135,000 | $ 153,000 | $ 171,000 |
| Payoff to FC | $ 90,000 | $ 108,000 | $ 126,000 |
| Cash Out Less Closing Costs | $ 42,000 | $ 42,000 | $ 42,000 |
| Total Equity | $ 15,000 | $ 17,000 | $ 19,000 |
| Investor is Ahead | $ 25,744 | $ 25,372 | $ 25,001 |