Loan amount
$50,000
Loan type
As-Is Property Value
$300,000
LTV
17%
{LTV}
Property type
Office building
Borrower Details
Credit score
650
Deal experience
2 deals
This loan scenario was submitted by a Broker
Property Details
State
Michigan
Loan Details
Additional Loan Information
No debt on property. Cash out loan to pay off other debt and taxes. Looking for investment property in FL. Office located in Troy MI 48085. Small office building with my business and an accounting business inside. Owner occupied so no rental income. Loan term no more than 2 years; either refi or sell property before then.
Status
Closed
Created
October 15, 2019 - 1:41pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Michigan Detroit | Grand Rapids | Warren | Ann Arbor | Lansing | Flint Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans