Loan amount
$784,000
Loan type
As-Is Property Value
$980,000
LTV
80%
{LTV}
Property type
Commercial / Retail
Borrower Details
Credit score
690
Deal experience
10 deals
This loan scenario was submitted by a Broker
Property Details
State
South Carolina
Loan Details
Additional Loan Information
The purpose of this loan is to acquire a shopping center with 5 tenants. Purchase price $980K. 20% down; can go higher if absolutely needed. Not yet in contract. Property located in Pickens County, SC. The annual profit after expenses are $93K. Before expenses, the annual revenue is roughly $127K. Flexible on loan duration.
Status
Closed
Created
August 18, 2020 - 12:26pm
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