Loan amount
$390,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$650,000
LTV
60%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
300
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Battle Creek
State
Michigan
Loan Details
Current mortgage balance
$0
How much cash-out are you looking for?
$390,000
Additional Loan Information
Partner Buyout... 20 unit Office... 13000sq... Excellent condition... No loans, liens or encumbrances... Vacant Commercial Office building... looking for 12 months, interest only, no PPP, funds issued at close (with no draws)... no credit (literally... I don't use it)... Exit will be 2 - 4 months via sba Conventional against a Fully Occupied Property (with Rent Rolls and Pre-paid Tenant Leases)
Status
Open
Created
August 12, 2022 - 4:07pm
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