Loan amount
$530,000
Loan type
As-Is Property Value
$1,000,000
LTV
53%
{LTV}
Property type
Commercial
Borrower Details
Credit score
620
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Illinois
Loan Details
Additional Loan Information
It will be a 24-hour restaurant, and I own the property. It will be a renovation of a current building. Purchased for $60K in April of 2017. No mortgages or loans against the property. Renovation budget of $530K and 4 month timeline. ARV $1M. Located in South Beloit, IL. Looking for loan term of 5-20 years.
Status
Closed
Created
October 21, 2019 - 7:32am
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