Loan amount
$400,000
Loan type
As-Is Property Value
$500,000
LTV
80%
{LTV}
Property type
Commercial / Office
Borrower Details
Credit score
680
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Nevada
Loan Details
Additional Loan Information
In contract to purchase at $500K. 100% owner occupied office building used to help expansion of business. Business is an accounting firm. We do bookkeeping, tax preparation, outsourced CFO services, business consulting, etc. The office building is a 2,440 sq ft single story, professional office condominium unit constructed in 2005. Located in Las Vegas. We have already had an appraisal done and the value opinion came in at $500K. Loan duration of 6 to 12 months.
Status
Closed
Created
December 9, 2019 - 12:07pm
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