Loan amount
$4,750,000
Loan type
As-Is Property Value
$7,000,000
LTV
68%
{LTV}
Property type
Commercial
Borrower Details
Credit score
720
Deal experience
5 deals
This loan scenario was submitted by a Broker
Property Details
State
California
Loan Details
Additional Loan Information
Need to refinance. It is a commercial cannabis building I have leased to one of the largest companies in the space. They have invested over 4 million into the building. The payoff will be around 4.5 million. $7M current market value with the current appraisal. If it was based on income appraisal it’s valued at $15.5M. Property located in Santa Ana. $50K+ NNN. 3-5 year loan duration.
Status
Closed
Created
March 18, 2020 - 2:37pm
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