Loan amount
$70,000
Loan type
As-Is Property Value
$975,000
LTV
8%
{LTV}
Property type
Commercial / Office
Borrower Details
Credit score
700
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
New Jersey
Loan Details
Additional Loan Information
Own 19,000 SF office building in downtown Trenton, NJ, near State Capital. I am looking for a second mortgage with a five year duration, with the possibility of converting to a first mortgage during that time. My publishing company occupies two units; the remainder of the building is rented to tenants.
Status
Closed
Created
April 30, 2020 - 8:50am
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