Loan amount
$200,000
Loan type
As-Is Property Value
$275,000
LTV
73%
{LTV}
Property type
Commercial / Light industrial
Borrower Details
Credit score
720
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Michigan
Loan Details
Additional Loan Information
This industrial / warehouse property is in very good condition. Purchase price $245K. $45K down. Already in contract. Will hold as a rental. Estimated monthly rental income of $3,800. Property located in Detroit. I am a broker representing my client.
Status
Closed
Created
March 17, 2020 - 3:00pm
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