Loan amount
$600,000
Loan type
As-Is Property Value
$1,000,000
LTV
60%
{LTV}
Property type
Commercial / Retail
Borrower Details
Credit score
700
Deal experience
30 deals
This loan scenario was submitted by a Broker
Property Details
State
Illinois
Loan Details
Additional Loan Information
Cash out refinance. 12000 sqft, owner occupying 60%. It's 4 units; 2 rented to tenants. Property located in Chicago 60643. Could be bridge or long term depends on rate/terms. Gross rental income $5K but with owner occupying 60% of it to bring it to $13K/month.
Status
Closed
Created
June 4, 2020 - 8:51am
Hard Money Lenders Now Offering Real Estate Investor Loans in Illinois Chicago | Aurora | Naperville | Joliet | Rockford | Springfield Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans