Loan amount
$10,000,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$18,000,000
LTV
56%
{LTV}
Property type
Industrial/Warehouse
Borrower Details
Credit score
700
Deal experience
1 deal
This loan scenario was submitted by a Broker
Yes
Property Details
City
Jefferson City
State
Wisconsin
Loan Details
Current mortgage balance
$2,500,000
How much cash-out are you looking for?
$7,500,000
Additional Loan Information
the loan is for working capital on a prototype of a new construction pallet manufacturer. looking to complete the work after paying off the current balance of the existing loan. the building is a former processing plant.
Status
Open
Created
May 4, 2021 - 12:16pm
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