Loan amount
$100,000
Loan type
As-Is Property Value
$700,000
LTV
15%
{LTV}
Property type
Commercial / Retail
Borrower Details
Credit score
700
Deal experience
20 deals
This loan scenario was submitted by a Broker
Property Details
State
Connecticut
Loan Details
Additional Loan Information
I am looking to pay off a building I purchased four years ago. This building cost me $430K to buy and I put another $150K into it. I have a five and five year lease. The tenant pays me $4,000 a month plus half the expenses. Property located in Middletown Connecticut. Would like a 20-year loan open end. The total I/O on this property is $93K.
Status
Closed
Created
July 25, 2020 - 11:03am
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