Loan amount
$9,000,000
Loan type
Refinance {Construction}
After Repair Value
$20,000,000
ARV
45% {ARV}
Property type
Industrial/Warehouse
Borrower Details
Credit score
725
Deal experience
4 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Clewiston
State
Florida
Loan Details
Current mortgage balance
$2,000,000
Cost of improvements
$7,000,000
Estimated property value after repairs
$20,000,000
Additional Loan Information
This is a distressed project, client has put over 8M into this project of hiis own funds. This a Paper pup manufacturing plant which will utilize sugar cane stalk refuse for paper pulp processing. Once project is stabilized and fully operational, client has exit partner already agreed to come onboard and profitably manage operations into the future. Partner is already one of the largest paper pulp processors in the world and has successfully been inthis business for over 10 years headquartered in India and doing business on a global scale.
Status
Created
October 26, 2021 - 5:21pm

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