Loan amount
$267,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$430,000
LTV
62%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
535
Deal experience
2 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Atlanta
State
Georgia
Loan Details
Current mortgage balance
$142,000
How much cash-out are you looking for?
$125,000
Additional Loan Information
a medical office condo
located in the Upper Buckhead submarket within Atlanta, GA.
The subject property is currently tenant occupied by a dentist
office. The condominium is approximately 1,234 sf and is
located on the first floor of the condominium building. The
subject property was originally constructed in 1991 and is in
good condition. The subject condo is a part of a larger 230,000-
sf condo building that is situated on 5.56 acres. The subject
property features 2 individual parking spaces and is zoned O-IC
Office-Institutional. The subject is located in close proximity to
the West Paces Medical Center and has easy access to
Interstate 75 and Hwy 41. The area is desirable to owners and
tenants combined.
STRENGTHS: The subject is well located in closed proximity to
the West Paces Medical Center. In addition, the building was
built in 1991 and is in good Class A condition. The subject
property is built out for medical use and is appealing to both
owner users and investors.
**borrower wants the cash out for another project**
located in the Upper Buckhead submarket within Atlanta, GA.
The subject property is currently tenant occupied by a dentist
office. The condominium is approximately 1,234 sf and is
located on the first floor of the condominium building. The
subject property was originally constructed in 1991 and is in
good condition. The subject condo is a part of a larger 230,000-
sf condo building that is situated on 5.56 acres. The subject
property features 2 individual parking spaces and is zoned O-IC
Office-Institutional. The subject is located in close proximity to
the West Paces Medical Center and has easy access to
Interstate 75 and Hwy 41. The area is desirable to owners and
tenants combined.
STRENGTHS: The subject is well located in closed proximity to
the West Paces Medical Center. In addition, the building was
built in 1991 and is in good Class A condition. The subject
property is built out for medical use and is appealing to both
owner users and investors.
**borrower wants the cash out for another project**
Status
Open
Created
September 20, 2023 - 5:55pm
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