Loan amount
$50,000
Loan type
As-Is Property Value
$100,000
LTV
50%
{LTV}
Property type
commercial mixed use
Borrower Details
Credit score
600
Deal experience
4 deals
This loan scenario was submitted by a Broker
Property Details
State
Illinois
Loan Details
Additional Loan Information
The total property has 5 units. 3 are rented. I need to pay off back taxes and do some rehab on the other units to rent. The building is owned and there is no mortgage. I have looked at commercial lenders and other hard money lenders but have not been successful. I have a great opportunity and just need some funding to make it work.
Status
Closed
Created
September 7, 2019 - 9:45pm
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