Loan amount
$6,125,000
Loan type
Refinance
{Fix&Flip}
After Repair Value
$14,000,000
ARV
44%
{ARV}
Property type
Industrial/Warehouse
Borrower Details
Credit score
750
Deal experience
3 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
San Francisco
State
California
Loan Details
Current mortgage balance
$4,875,000
Cost of improvements
$1,250,000
Estimated property value after repairs
$14,000,000
Additional Loan Information
Commercial Warehouse rehab to sell in San Francisco?
I have a 2nd I need to get funded. The property is a Commercial Warehouse property in San Francisco. The borrower is planning to finish rehabbing the property and sell it.
They would like to pull out as much $$$$ as possible to complete the buildout. $1.5M Loan. They will take less
They purchased the property in August of 2021.
The Appraisal that was completed in March and the As-Is Value was at 8.9M
I have following
• Cost to Complete
• App
• Operating Agreement
• Prelim
• Appraisal
• Credit on All Guarantors
I have a 2nd I need to get funded. The property is a Commercial Warehouse property in San Francisco. The borrower is planning to finish rehabbing the property and sell it.
They would like to pull out as much $$$$ as possible to complete the buildout. $1.5M Loan. They will take less
They purchased the property in August of 2021.
The Appraisal that was completed in March and the As-Is Value was at 8.9M
I have following
• Cost to Complete
• App
• Operating Agreement
• Prelim
• Appraisal
• Credit on All Guarantors
Status
Open
Created
July 6, 2023 - 4:06pm
Hard Money Lenders Now Offering Real Estate Investor Loans in California Los Angeles | San Diego | San Jose | San Francisco | Fresno | Sacramento Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans