Loan amount
$28,000,000
Loan type
Refinance
{Rent&Hold}
As-Is Property Value
$37,700,000
LTV
74%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
790
Deal experience
16 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Anchorage
State
Kansas
Loan Details
Current mortgage balance
$28,000,000
Additional Loan Information
Our client owns / operates / occupies four highly profitable tunnel car washes in Anchorage. The use of capital will be to refinance and consolidate the existing debt; complete an acquisition of two additional locations; and complete the construction on a third site. Two of their locations have a third-party paying tenant (reputable convenience store). The "cash out" is for repayment of a small note.
Status
Open
Created
August 31, 2023 - 4:44pm
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