Loan amount
$260,000
Loan type
As-Is Property Value
$360,000
LTV
73%
{LTV}
Property type
Commercial / Warehouse
Borrower Details
Credit score
800
Deal experience
2 deals
This loan scenario was submitted by a Broker
Property Details
State
California
Loan Details
Additional Loan Information
Rented by Franz since built in 2005. Has a current two year lease. Rent goes to $3K/month in January 2021. They store product, trucks, and have an office in warehouse. Purchase price $350K. Using home equity line of credit for down payment. Property located in Crescent City, CA. Already under contract. Prefer 20 year loan term.
Status
Closed
Created
September 10, 2020 - 12:15pm
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