Loan amount
$912,500
Loan type
Refinance
{No Cash-Out}
As-Is Property Value
$1,500,000
LTV
61%
{LTV}
Property type
Hotel
Borrower Details
Credit score
738
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Donaldsonville
State
Louisiana
Loan Details
Current mortgage balance
$912,116
Additional Loan Information
16 room boutique hotel in historic building. Property consists of 2 historic buildings that are connected and have one electric meter. One building is currently a 16 room hotel with area for a bar/restaurant. The other building is currently being leased to local library for a minimum of 10 months and it also contains a 3 bedroom 3 bath apartment that is available for lease. We have owned the property for 7 years and our current mortgage is maturing so I am looking for new loan options.
Status
Open
Created
February 18, 2022 - 8:04pm
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