Loan amount
$8,250,000
Loan type
As-Is Property Value
$9,000,000
LTV
92%
{LTV}
Property type
Sub division
Borrower Details
Credit score
655
Deal experience
2 deals
This loan scenario was submitted by a Broker
Property Details
State
Georgia
Loan Details
Additional Loan Information
I need money to bridge the gap between now and funding. We have a need for short term financing because our regular lender will not fund for 3 months so we went and got an insurance guarantee to pay off the loan in 3 months if we don't; the guarantee covers $9,000,000 principle and interest. Purchase price $8.3M. Not yet in contract. Property located in Snellville, GA.
Status
Closed
Created
December 28, 2019 - 6:20pm
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