Loan amount
$225,000
Loan type
As-Is Property Value
$325,000
LTV
70%
{LTV}
Property type
Office Bldg
Borrower Details
Credit score
580
Deal experience
5 deals
This loan scenario was submitted by a Broker
Property Details
State
Florida
Loan Details
Additional Loan Information
Small office building in the heart of Miami, Florida, next to I-95, needs interior remodeling for rental or sale. There’s a $200k note at 15% interest we’re trying to pay off. Estimated after-repair value of $350k. Looking for 5 year loan.
Status
Closed
Created
September 1, 2019 - 1:48pm
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