Loan amount
$90,000
Loan type
As-Is Property Value
$114,000
LTV
79%
{LTV}
Property type
Business / Snack distribution
Borrower Details
Credit score
510
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Virginia
Loan Details
Additional Loan Information
Owner is selling 214 accounts, 14 foot box truck and 3 month inventory. Loan includes purchase price and working capital. I can put down $10K, if needed. Contract is being drafted. Looking for 10 year loan. I also own a single family house worth $240K with a loan balance of $224K that I can use as collateral; owner-occupied, located in Norfolk.
Status
Closed
Created
June 1, 2020 - 8:24am
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