Loan amount
$385,000
Loan type
As-Is Property Value
$550,000
LTV
70%
{LTV}
Property type
Commercial / Gas station
Borrower Details
Credit score
650
Deal experience
4 deals
This loan scenario was submitted by a Broker
Property Details
State
Pennsylvania
Loan Details
Additional Loan Information
Looking to purchase a gas station in Summit Hill, PA. $1.7M gross $135K net. $385K asking price. I have a property that I own outright in New Orleans, LA that I would like to cross collateralize for this loan. It is a residential condo valued around $150K. It is currently rented out. I’m not yet in contract. I’m shopping around currently to see who can handle my request. I’m open to different loan durations given the options.
Status
Closed
Created
January 31, 2020 - 1:16pm
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