Loan amount
$3,500,000
Loan type
As-Is Property Value
$7,500,000
LTV
47% {LTV}
Property type
Commercial / Industrial
Borrower Details
Credit score
770
Deal experience
75 deals
This loan scenario was submitted by a Broker
Property Details
State
California
Loan Details
Additional Loan Information
Refi of 45k SF industrial building on 75k SF parcel in south Los Angeles. The loan balance is around $2.5M but we want to pay off an additional note if we are going to bother to refi this one. Otherwise we will just extend the seller financing. The loan would have to come in at 9% or under and term would have to be a minimum 3 year term but we want 5 years. Property has two years of tax verified income of roughly $700,000.
Status
Created
March 6, 2020 - 12:08pm

Hard Money Lenders Now Offering Real Estate Investor Loans in California Los Angeles | San Diego | San Jose | San Francisco | Fresno | Sacramento Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans