Loan amount
$110,000
Loan type
As-Is Property Value
$375,000
LTV
30%
{LTV}
Property type
Commercial / Retail
Borrower Details
Credit score
688
Deal experience
10000 deals
This loan scenario was submitted by a Broker
Property Details
State
Louisiana
Loan Details
Additional Loan Information
i bought a convenient grocery store business. i have to pay for equipment, inventory and vendors. The business purchase price was $60,000. Monthly lease / rent is $2,500. There are no any loans or mortgages against the property or business. My primary home value is $395,000. I owe Citi Mortgage total home loan on my home is $26,000 ; equity of $369,000. Looking for no pre-payment penalties and a term of 2-3 years. Located in Baton Rouge.
Status
Closed
Created
September 26, 2019 - 10:52am
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