Loan amount
$1,500,000
Loan type
As-Is Property Value
$6,500,000
LTV
24%
{LTV}
Property type
Commercial
Borrower Details
Credit score
777
Deal experience
4 deals
This loan scenario was submitted by a Broker
Property Details
State
New Mexico
Loan Details
Additional Loan Information
My client owns 3 commercial buildings housing a Chrysler Franchise (sells new/used vehicles), a Nissan Franchise (sells new/used vehicles) & an Independent Used Car Lot. Loan needed to make some capital improvements, repave the lot, etc. Properties located in Grants, NM & Gallup, NM. Currently owes $2.1M. I am a broker, looking for a lender.
Status
Closed
Created
November 13, 2019 - 5:00pm
Hard Money Lenders Now Offering Real Estate Investor Loans in New Mexico Albuquerque | Las Cruces | Rio Rancho | Sante Fe | Roswell | Farmington Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans