Loan amount
$165,000
Loan type
As-Is Property Value
$215,000
LTV
77%
{LTV}
Property type
Commercial
Borrower Details
Credit score
550
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
Idaho
Loan Details
Additional Loan Information
Cabinet shop in quickly appreciating Kootenai County, Idaho; literally have police, park and rec and city hall for neighbors. Under valued property. I've been there running my 27 year shop. I have a lease option/handshake with owner who also is a friend of mine. Purchase price is $190K - need $165K to secure the deal. Loan duration would depend on monthly payment and cost of loan. With current AR sheet, I have 5/7 years at most. I would endeavor possibility at some point to convert to an SBA loan.
Status
Closed
Created
December 31, 2019 - 2:04pm
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