Loan amount
$390,000
Loan type
As-Is Property Value
$480,000
LTV
82%
{LTV}
Property type
Commercial / Industrial
Borrower Details
Credit score
780
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Wisconsin
Loan Details
Additional Loan Information
I'm looking at a empty machining shop set in a industrial area that is for sale. It would be used for an equipment shop for landscaping business, and for my friend's auto detailing business. Purchase price being negotiated - estimated at $410K. Putting down $20K. Not yet in contract. Property located in Frederic, WI. Estimated rental income $800-1000/month. Prefer long-term loan. (Revised re-submission)
Status
Closed
Created
August 8, 2020 - 9:03am
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