Loan amount
$200,000
Loan type
As-Is Property Value
$4,200,000
LTV
5%
{LTV}
Property type
Commercial / Retail
Borrower Details
Credit score
650
Deal experience
20 deals
This loan scenario was submitted by a Broker
Property Details
State
Indiana
Loan Details
Additional Loan Information
Fully Leased Class A anchored by Sherwin Williams strip center in highly desirable Carmel, Indiana. I currently owe $2.9m on the property. I'm looking to get capital while I wait for the property to sell (currently on market with Marcus Millichap for $4.299M). Loan duration of 12 months. Monthly rental income is $23,750.
Status
Closed
Created
November 20, 2019 - 9:38pm
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