Loan amount
$500,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$1,400,000 {PP:$700,000}
LTV
36% {LTV}
Property type
Retail/Strip Mall
Borrower Details
Credit score
720
Deal experience
20 deals
This loan scenario was submitted by a Broker
No
Property Details
City
MUNCIE
State
Indiana
Loan Details
Purchase price
$700,000
Down payment
$200,000
Additional Loan Information
We have the property under contract. Property is leased to bank for $125,000 annualy. It is a dark property and lease is until 10/2022.
We are purchasing and looking for a new tenant. Need a bridge loan
Status
Created
January 17, 2021 - 9:47am

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