Loan amount
$632,000
Loan type
As-Is Property Value
$1,280,000
LTV
50%
{LTV}
Property type
Commercial / Manufacturing & Warehouse
Borrower Details
Credit score
760
Deal experience
10 deals
This loan scenario was submitted by a Broker
Property Details
State
Michigan
Loan Details
Additional Loan Information
Refinance to a lower rate and get off the SBA borrower list. Fully rented for next 3 years with 4 tenants generating $13,000/month in rental income. Paying 4.5 %, but looking for 3.75% fixed. 15 year amortization. Possible 10 year fixed also. Property located in Grandville, Michigan.
Status
Closed
Created
April 1, 2020 - 12:15pm
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