Loan amount
$500,000
Loan type
As-Is Property Value
$1,000,000
LTV
50%
{LTV}
Property type
Commercial
Borrower Details
Credit score
815
Deal experience
50 deals
This loan scenario was submitted by a Broker
Property Details
State
Oklahoma
Loan Details
Additional Loan Information
I am a commercial real estate investor always in the market for deals. I do not have a prospective property lined up yet but I am looking for a property in the $500K-1M range and am seeking pre-approval for 20% down payment plus renovation costs. Our previous deals have all been completed with bank financing and personal loans from investors. The locales we are targeting are all in Oklahoma metro areas, most in Tulsa, OKC, Norman or Stillwater. Loan duration would be for 1-2 years until we can stabilize and refinance.
Status
Closed
Created
June 9, 2020 - 12:49pm
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