Loan amount
$18,000,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$45,000,000
{PP:$35,000,000}
LTV
40%
{LTV}
Property type
Industrial/Warehouse
Borrower Details
Credit score
675
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Desert Hot Springs, CA
State
California
Loan Details
Purchase price
$35,000,000
Down payment
$17,000,000
Additional Loan Information
It's a cannabis facility that's for sale by owner. Owner is willing to hold a note in second position. Wants 40-50 percent down.
Status
Open
Created
April 2, 2024 - 12:33am
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