Loan amount
$266,000
Loan type
As-Is Property Value
$480,000
LTV
56%
{LTV}
Property type
Commercial / Mechanic shop
Borrower Details
Credit score
625
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
North Carolina
Loan Details
Additional Loan Information
Been owner-financing for the last 3 years. Have paid off $70K in principal on loan and owner wants final balloon payment. We made $205K in 2018, and $250K in 2019. Owner-occupied. Property located in Grandy, NC. Prefer 15-30 year term, if possible.
Status
Closed
Created
May 1, 2020 - 3:07pm
Hard Money Lenders Now Offering Real Estate Investor Loans in North Carolina Charlotte | Raleigh | Greensboro | Durham | Winston-Salem | Fayetteville Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans