Loan amount
$1,260,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$1,400,000
{PP:$1,400,000}
LTV
90%
{LTV}
Property type
Retail/Strip Mall
Borrower Details
Credit score
750
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Chicago
State
Illinois
Loan Details
Purchase price
$1,400,000
Down payment
$140,000
Additional Loan Information
Strip mall in Chicago listed for about $1.4M with a cap rate of about 8% with multiple NNN leases. Long term tenants with varying lease expirations. Looking for financing with 10% down.
Status
Open
Created
January 20, 2021 - 1:01pm
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