Loan amount
$285,000
Loan type
As-Is Property Value
$415,000
LTV
69%
{LTV}
Property type
Mixed use
Borrower Details
Credit score
680
Deal experience
20 deals
This loan scenario was submitted by a Broker
Property Details
State
Illinois
Loan Details
Additional Loan Information
Looking to refinance. Commercial & residential mixed-use, two-unit brick building. 2nd floor rented for $1,500 and 1st floor office & warehouse rented for $2,500. Existing mortgage of $195K coming due at the end of June. Property located in Chicago 60616, in Irving Park. Duration for at least a year. My company is in the rehab business & plan on selling and purchasing a bigger building to rehab if we get financial help. That could happen within a few months.
Status
Closed
Created
June 22, 2020 - 11:55am
Hard Money Lenders Now Offering Real Estate Investor Loans in Illinois Chicago | Aurora | Naperville | Joliet | Rockford | Springfield Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans