Loan amount
$1,400,000
Loan type
As-Is Property Value
$3,000,000
LTV
47%
{LTV}
Property type
Farm
Borrower Details
Credit score
620
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Minnesota
Loan Details
Additional Loan Information
I am a broker representing my client. Need $1.1M to pay off the bank (first mortgage) and $300K for working capital. This is a working cattle farm. The loan term is 2 or 3 years which will be repaid with a traditional bank loan.
Status
Closed
Created
July 30, 2019 - 6:02pm
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