Loan amount
$212,000
Loan type
As-Is Property Value
$275,000
LTV
78%
{LTV}
Property type
Commercial / Office
Borrower Details
Credit score
627
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
Texas
Loan Details
Additional Loan Information
Aggressively looking for an office for my mortgage business. I currently lease my office space. I am looking to buy an office to lease it back to myself. The office space will have more than 1 unit/office so that I can rent out the additional space to my referral partners. Purchase price $275K. 20-25% down. Not yet in contract. Property located in Dallas, TX. Estimated monthly rental income $3,500. 3 year minimum loan duration.
Status
Closed
Created
May 20, 2020 - 8:13am
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