Loan amount
$120,000
Loan type
As-Is Property Value
$150,000
LTV
80%
{LTV}
Property type
Commercial / Office
Borrower Details
Credit score
630
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
New York
Loan Details
Additional Loan Information
Cash-out refinance. I have building with 4 storefronts all rented. I need to update the elevator to rent the 4,000 sqft 3rd floor. Loan balance $60K. Property located in Amsterdam NY 12010. $3,800/month in rent. Renovations will lead to another $1,500-2,000/month in rent.
Status
Closed
Created
June 24, 2020 - 2:13pm
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