Loan amount
$700,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$2,000,000
LTV
35%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
750
Deal experience
5 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Marshall
State
Texas
Loan Details
Current mortgage balance
$0
How much cash-out are you looking for?
$700,000
Additional Loan Information
Subject property : Harrison County
Request: refi C/O loan
Amount : $700K < 40%LTV
( no debt on commercial property - Current value $2M with current appraisal )
Property Type: Specialty 138,00SF
Property Subtype- Schools
Building Class - C
Lot Size - 11.11 AC
Debt paid in 6 months ( developing $22M housing for low income families ) with takeout loan backed by Tax Exempt Bond Amount: $13 million -4% LIHTC: $5.8 million-Equity Investment Amount: $3.2 million
Request: refi C/O loan
Amount : $700K < 40%LTV
( no debt on commercial property - Current value $2M with current appraisal )
Property Type: Specialty 138,00SF
Property Subtype- Schools
Building Class - C
Lot Size - 11.11 AC
Debt paid in 6 months ( developing $22M housing for low income families ) with takeout loan backed by Tax Exempt Bond Amount: $13 million -4% LIHTC: $5.8 million-Equity Investment Amount: $3.2 million
Status
Open
Created
November 3, 2023 - 7:39am
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