Loan amount
$125,000
Loan type
As-Is Property Value
$1,000,000
LTV
13%
{LTV}
Property type
Commercial
Borrower Details
Credit score
550
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
Georgia
Loan Details
Additional Loan Information
I own 7.6 acres of commercial property, free and clear, in Atlanta GA. I have it fully permitted to operate my recycling business. I recycle concrete and green waste materials. I have been doing this type of business for 8 years. Loan is for equipment upgrades. Property currently worth $750K. Will be worth $1M after upgrades. 24 month loan term.
Status
Closed
Created
July 8, 2020 - 9:38am
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