Loan amount
$910,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$1,400,000
{PP:$1,400,000}
LTV
65%
{LTV}
Property type
Retail/Strip Mall
Borrower Details
Credit score
740
Deal experience
6 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Fullerton
State
California
Loan Details
Purchase price
$1,400,000
Down payment
$490,000
Additional Loan Information
Purchasing 2 retail buildings to occupy a regional chain restaurant. One building will be financed with seller carryback. The other building is being purchased for $1.4 million and need 65% loan. Restaurant chain and guarantor financials and cash reserves are strong. Will be remodeling the property and restaurant will occupy both adjacent building in 4 months.
Status
Open
Created
March 29, 2022 - 9:30pm
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