Loan amount
$9,600,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$12,000,000
{PP:$12,000,000}
LTV
80%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
780
Deal experience
2 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Huntsville
State
Alabama
Loan Details
Purchase price
$12,000,000
Down payment
$2,400,000
Additional Loan Information
A 125 RV and Boat Storage Units. The propery also includes 4,000 SF of office and auto shop space in addition to additional acreage for expansion to 187 Units. Space is 100% leased. Loan request is $12 million payable interest only term for a term of 24 months. Borrower will bring 20%.
Status
Closed
Created
September 7, 2022 - 10:48am
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