Loan amount
$300,000
Loan type
As-Is Property Value
$300,000
LTV
100%
{LTV}
Property type
Commercial / Retail
Borrower Details
Credit score
800
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Michigan
Loan Details
Additional Loan Information
Loan to cover 100% cost of land purchase and constructing 3,000 sqft structure for commercial use. I could acquire the land with my own funds if needed, but prefer to finance the entire project. The land is currently for sale for $80,000. The cost of construction is estimated to be around $220,000. The facility will be for my new luxury pet services business. Estimating $23,000 in monthly income. The property is located in Ann Arbor, Michigan. Loan duration of at least 5 years.
Status
Closed
Created
November 24, 2019 - 2:00pm
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