Loan amount
$0
Loan type
As-Is Property Value
$14,000,000
LTV
0%
{LTV}
Property type
1) Land 2) Industrial facility 3) Block making plant
Borrower Details
Credit score
730
Deal experience
4 deals
This loan scenario was submitted by a Broker
Property Details
State
Arizona
Loan Details
Additional Loan Information
This is a refinance loan on two existing properties with the cash out used to pay off existing mortgage on one and purchase a third, which is a block making plant that will be income producing within two weeks of the purchase. The value of the first two properties is approximately $11,000,000. The property to be purchased is appraised at $2.89MM and has over $8MM in assets and equipment at "As is" market value. All three properties, equipment and assets will be used as collateral for the loan.
Status
Closed
Created
October 29, 2020 - 6:55pm
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