Loan amount
$0
Loan type
Refinance {Cash-Out}
As-Is Property Value
$1,000,000
LTV
0% {LTV}
Property type
Retail/Shopping Center
Borrower Details
Credit score
650
Deal experience
4 deals
This loan scenario was submitted by a Broker
No
Property Details
State
New York
Loan Details
Current mortgage balance
$0
Additional Loan Information
Professional Building 1: US Post Office, M&T Bank, Hair Dresser, Professional Building 2: Dentist, Accountant, NYS Lake Association. Fully rented, with long-term leases. The plan is to use the loan to replace the roof on Building 1 and to find a program that will fund solar panels and other environmental upgrades to both buildings. Two security doors to replace existing doors. The parking lot will be replaced, paved and lined. Building 2 will have all windows replaced with efficient Star Rated. Currently owe 350k looking for additional 75k for above upgrades..
Status
Created
December 1, 2020 - 7:46pm

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