Loan amount
$15,000,000
Loan type
Refinance {Cash-Out}
As-Is Property Value
$30,000,000
LTV
50% {LTV}
Property type
Other Commercial
Borrower Details
Credit score
700
Deal experience
4 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Niagara Falls
State
New York
Loan Details
Current mortgage balance
$0
How much cash-out are you looking for?
$15,000,000
Additional Loan Information
As-is value is $30MIL (recently appraised). The proceeds of this $15 Million loan will be used for Renovation and remodeling of the Facility to raise the "as completed" value to an estimated $70.3 Million and also for some business purposes.
Status
Created
March 9, 2021 - 1:23pm

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