Loan amount
$850,000
Loan type
As-Is Property Value
$1,300,000
LTV
66%
{LTV}
Property type
Commercial / Industrial
Borrower Details
Credit score
700
Deal experience
6 deals
This loan scenario was submitted by a Broker
Property Details
State
New Jersey
Loan Details
Additional Loan Information
Owner occupied industrial building with two existing tenants. Purchase price $950K. Down payment $100K. In contract. Appraisal came in at $1.3M. Property in Old Bridge NJ. Loan duration 1-3 years preferred. Rental income is $9,400/month.
Status
Closed
Created
April 17, 2020 - 3:57pm
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