Loan amount
$900,000
Loan type
As-Is Property Value
$1,000,000
LTV
90%
{LTV}
Property type
Commercial
Borrower Details
Credit score
700
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Idaho
Loan Details
Additional Loan Information
Looking for a way to purchase a building in the Boise, Idaho area for our growing company. We are a robotics and material handling company that designs and builds equipment for food manufacturers. We lease or space currently and need want to purchase an asset instead of paying rent. We are trying to find someone who can turn a loan around faster than the SBA loans available. Purchase price $990K. 10% down. Property located at 1565 South Rolling Hill Dr, Meridian, ID 83642. Not yet in contract. Prefer longer-term loan.
Status
Closed
Created
April 3, 2020 - 2:22pm
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