Loan amount
$440,000
Loan type
As-Is Property Value
$570,000
LTV
78%
{LTV}
Property type
Commercial / Retail
Borrower Details
Credit score
823
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
District of Columbia
Loan Details
Additional Loan Information
Buying retail property. Investment for future expansion of my pharmacy business. Purchase price $550K. Appraisal came at $570K. Due to COVID bank need more time even though the seller gave us 1 extension. Putting down 20% as per bank requirements. Under contract. My extension deadline is July 24th. Flexible on loan duration.
Status
Closed
Created
July 17, 2020 - 12:02pm
