Loan amount
$412,000
Loan type
As-Is Property Value
$490,000
LTV
85%
{LTV}
Property type
Mixed use
Borrower Details
Credit score
610
Deal experience
11 deals
This loan scenario was submitted by a Broker
Property Details
State
Wisconsin
Loan Details
Additional Loan Information
Packaged deal of a commercial and residential property. The commercial property is housing a long standing bar and grill. About 5600 sq ft and three acres parking surface. Business willing to sign a long term lease. Additional purchase of rented single family home with lease. Monthly rental income from commercial is $3750 and the residential is $1250. Both have room for a raise in rent. Broker opinion value - $490K combined. Not yet in contract. Flexible on loan duration.
Status
Closed
Created
April 1, 2020 - 4:52pm
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