Loan amount
$2,500,000
Loan type
As-Is Property Value
$5,000,000
LTV
50%
{LTV}
Property type
Commercial
Borrower Details
Credit score
820
Deal experience
20 deals
This loan scenario was submitted by a Broker
Property Details
State
Tennessee
Loan Details
Additional Loan Information
To refinance the existing loans on two properties. I am looking for a better interest rate. I have been in this business for a long time. Total of my assets amounts to over ten million dollars. Balance approximately $2.4M. My current loan interest rate is 4 percent. Multi tenants. Includes Pizza hut, Mexican restaurant, Nail salons, dry cleaning and so on. Properties located in Shelby County and Jackson TN. Prefer 15 year term.
Status
Closed
Created
May 17, 2020 - 12:25pm
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