Loan amount
$280,000
Loan type
As-Is Property Value
$350,000
LTV
80%
{LTV}
Property type
Commercial / Retail
Borrower Details
Credit score
761
Deal experience
9 deals
This loan scenario was submitted by a Broker
Property Details
State
Michigan
Loan Details
Additional Loan Information
This property is a party store that has been in business for over 10 years. Income from lease $4,000/month. Purchase price $325K. $45K down. Already in contract. Property located in Grand River / Redford MI 48240. Will hold as a rental. Flexible on loan duration. I am a broker representing my client.
Status
Closed
Created
March 17, 2020 - 2:45pm
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