Loan amount
$2,000,500
Loan type
Refinance
{Construction}
After Repair Value
$3,000,000
ARV
67%
{ARV}
Property type
Retail/Strip Mall
Borrower Details
Credit score
755
Deal experience
10 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Denver
State
Colorado
Loan Details
Current mortgage balance
$1
Cost of improvements
$2,000,000
Estimated property value after repairs
$3,000,000
Additional Loan Information
Harry Saleh owns 4 commercial properties (neighborhood grocery stores) free and clear. A fire destroyed the store and building. We would like to re-finance the other three properties in order to re-build. We are looking for financing of $1.5 million or more to re-build.
The other three properties are valued as follows:
I work for. He has a net worth of over $5 Million. I can send you his PFS and all the financial info you may require for the properties if your company is interested in financing our new construction.
The other three properties are valued as follows:
I work for. He has a net worth of over $5 Million. I can send you his PFS and all the financial info you may require for the properties if your company is interested in financing our new construction.
Status
Open
Created
April 1, 2021 - 2:05pm
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