Loan amount
$375,000
Loan type
As-Is Property Value
$550,000
LTV
69%
{LTV}
Property type
Commercial
Borrower Details
Credit score
680
Deal experience
8 deals
This loan scenario was submitted by a Broker
Property Details
State
Ohio
Loan Details
Additional Loan Information
My Client is looking to purchase a Gentlemen's Club in Dayton, Ohio. The purchase price is $550K. Remainder put down in cash. Client has extensive experience operating these type of clubs and has done very well. The land/building is worth at least $550K and is willing to collateralize the business with a UCC-1. Already in contract to purchase. Loan duration 2-3 years. I am a broker representing my client.
Status
Closed
Created
August 14, 2020 - 12:38pm
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