Loan amount
$2,200,000
Loan type
As-Is Property Value
$4,000,000
LTV
56%
{LTV}
Property type
Commercial / Entertainment
Borrower Details
Credit score
720
Deal experience
10 deals
This loan scenario was submitted by a Broker
Property Details
State
Texas
Loan Details
Additional Loan Information
Expansion of business. The property is at extreme discount due to soon to be death in the family. Worth $4M. Purchase price $2.2M. Property is a recording studio and event venue. Contract is being written and signed today. Located in Houston, TX. LLC that is purchasing it is a nationally known record label. I am a broker representing my client.
Status
Closed
Created
April 8, 2020 - 1:17pm
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