Loan amount
$245,000
Loan type
As-Is Property Value
$350,000
LTV
70%
{LTV}
Property type
Commercial / Retail
Borrower Details
Credit score
700
Deal experience
10 deals
This loan scenario was submitted by a Broker
Property Details
State
New Jersey
Loan Details
Additional Loan Information
I own an aftermarket wheel business in MD and looking to purchase a second location an hour north in NJ. Property address is 340 Lincoln St, Woodbury NJ, which is currently on the market at $350K. Looking for a lite doc, possibly bank statement loan. I do have credit scores around 700. Looking for max ltv but do have a good amount of cash reserves to cover most down payment requirements.
Status
Closed
Created
July 7, 2020 - 10:21am
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