Loan amount
$840,000
Loan type
As-Is Property Value
$1,200,000
LTV
70%
{LTV}
Property type
Commercial / Office & Warehouse
Borrower Details
Credit score
800
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
New Jersey
Loan Details
Additional Loan Information
Finalizing deal on 20,000 sq ft commercial building. Has a tenant now and bringing another tenant into it. The rest will be occupied by our business. The 2 tenants would cover the loan payment, taxes and insurance. Purchase price $1.2M. 30% down. Not yet in contract. Property located in Elmwood Park, NJ. Estimated monthly rental income $7,000.
Status
Closed
Created
May 31, 2020 - 9:55am
Hard Money Lenders Now Offering Real Estate Investor Loans in New Jersey Newark | Jersey City | Paterson | Elizabeth | Clifton | Trenton Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans