Loan amount
$14,000,000
Loan type
As-Is Property Value
$14,000,000
LTV
100%
{LTV}
Property type
Commercial / Resort Marina & Yacht
Borrower Details
Credit score
590
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
Florida
Loan Details
Additional Loan Information
Entertainment & Tourist Resort, Creekside Inn is a tourist destination located in Key West Florida. We plan to purchase and 35% of the tourist arrivals bringing the monthly revenue to 110%. This property will be the first of 4 investment properties we plan to purchase. Purchase price $14M. The down payment is wrapped up within the purchase of the corporation and the asset. Not yet in contract. Loan duration 15 years.
Status
Closed
Created
July 1, 2020 - 8:35am
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