Loan amount
$2,362,500
Loan type
As-Is Property Value
$3,375,000
LTV
70%
{LTV}
Property type
Commercial
Borrower Details
Credit score
600
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
Texas
Loan Details
Additional Loan Information
Owner occupied commercial daycare. Built in 2016 for $1.8M. Located in Missouri City, Texas. Standalone building, 12,800 square feet. $3.375 million from last appraisal in March 2019. Looking to refinance loan and take cash out for working capital. $1.8M is to refinance and the rest to pay business debt and cash flow. Monthly business income of $72K.
Status
Closed
Created
October 18, 2019 - 8:57am
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