Loan amount
$10,500,000
Loan type
As-Is Property Value
$21,000,000
LTV
50%
{LTV}
Property type
Commercial
Borrower Details
Credit score
780
Deal experience
5 deals
This loan scenario was submitted by a Broker
Property Details
State
Louisiana
Loan Details
Additional Loan Information
Light Industrial Cold Storage Facility on 1,500 acres near Alexandria, LA in Pineville. Will serve the poultry industry for flash freezing and storage. There is a $5M loan against the project. Bridge will be taken out by construction loan second quarter, 2020. Property is owned. The land itself is valued at $21M. Buildings on site, rail sidings, roads, etc, has an updated BPO of $34M. Combined, $55M. Appraisal was completed by CBRE. I am a broker representing my client.
Status
Closed
Created
January 10, 2020 - 10:00am
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