Loan amount
$5,250,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$30,000,000
LTV
18%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
750
Deal experience
5 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Niagara Falls
State
New York
Loan Details
Current mortgage balance
$0
How much cash-out are you looking for?
$5,250,000
Additional Loan Information
I have a client that owns a small airport in New York (Niagara Falls International Airport).
They own it free & clear, value is $30MIL (just appraised). They need a net loan amount of $5MIL to put into the property which will
Increase the value of it to $70MIL (as per the appraisal). Thank you for your time.
They own it free & clear, value is $30MIL (just appraised). They need a net loan amount of $5MIL to put into the property which will
Increase the value of it to $70MIL (as per the appraisal). Thank you for your time.
Status
Open
Created
February 10, 2021 - 6:17pm
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