Loan amount
$200,000
Loan type
As-Is Property Value
$1,300,000
LTV
16%
{LTV}
Property type
Commercial
Borrower Details
Credit score
730
Deal experience
4 deals
This loan scenario was submitted by a Broker
Property Details
State
Oregon
Loan Details
Additional Loan Information
Looking for a second on commercial property. Property value is $1.3M. First is $285K. 2.04 acres located in Boring, Oregon just outside of Portland. Building #1 was built in 2017 @ 4100 SQF and has a winery and brewery in it. rent is 500/mo. Building #2 is a 2000 SQF sales office for equipment trailer sales; owner-occupied. Building #3 is a 3200 SQF repair shop for trailers built in 2010, office and shop rent is 4000/mo. I and my wife own the property personally and lease to the business. Looking for a interest only monthly payments with a payout in 12 months. Funds are being used to purchase a line of tractors to sell, as we have experience in selling tractors and related equipment.
Status
Closed
Created
February 14, 2020 - 4:45pm
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