Loan amount
$500,000
Loan type
As-Is Property Value
$1,800,000
LTV
28% {LTV}
Property type
Commercial rental venue
Borrower Details
Credit score
700
Deal experience
12 deals
This loan scenario was submitted by a Broker
Property Details
State
California
Loan Details
Additional Loan Information
Acquisition of an existing rental venue from a private club renovate and rent to public. Rental plan is to expand on previous rental contracts in 2016. The gross rental income was over $100,000. Looking for long term loan with an early no prepayment penalty. Located in Fresno, CA.
Status
Created
August 13, 2019 - 7:42am

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