Loan amount
$350,000
Loan type
As-Is Property Value
$600,000
LTV
59%
{LTV}
Property type
Commercial / Restaurant
Borrower Details
Credit score
750
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Texas
Loan Details
Additional Loan Information
We are buying an owner-occupied restaurant to expand our current restaurant business. We need commercial financing to buy the restaurant building, building improvement and equipment purchase. Purchase price $345K. 20% down. Renovation budget $100K. 6 month timeline. ARV $600K. Already in contract. Property located in San Antonio, TX. Prefer 15-30 year loan.
Status
Closed
Created
October 14, 2020 - 9:48am
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