Loan amount
$7,500,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$14,000,000
LTV
54%
{LTV}
Property type
Retail/Strip Mall
Borrower Details
Credit score
720
Deal experience
3 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
San Leandro
State
California
Loan Details
Current mortgage balance
$7,000,000
How much cash-out are you looking for?
$500,000
Additional Loan Information
I have a client who is in need of a 3rd Trust Deed of $3M. The current 3RD TD of $2.5M is coming due later this month.
The property currently has a 1st of $3.5M and a 2nd that is a LOC of $1M with First Republic Bank.
The Property has a Long Term Lease in place
The property currently has a 1st of $3.5M and a 2nd that is a LOC of $1M with First Republic Bank.
The Property has a Long Term Lease in place
Status
Open
Created
September 23, 2021 - 2:16pm
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