Loan amount
$200,000
Loan type
As-Is Property Value
$275,000
LTV
73%
{LTV}
Property type
Established Restaurant
Borrower Details
Credit score
645
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
North Carolina
Loan Details
Additional Loan Information
Looking to purchase 17 year established restraunt with annual revenues low @$450,000 high@525,000. Loan would be secured by property and equipment. The purchase does include the property, equipment and business name etc. It's located in Zebulon, NC. I'd estimate value at $275,000- $290,000. Sale price is $199,000.
Status
Closed
Created
September 24, 2019 - 5:15pm
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