Loan amount
$1,832,000
Loan type
As-Is Property Value
$2,290,000
LTV
80%
{LTV}
Property type
Commercial
Borrower Details
Credit score
550
Deal experience
25 deals
This loan scenario was submitted by a Broker
Property Details
State
Wisconsin
Loan Details
Additional Loan Information
This is a two story commercial building built in 2008. There are two commercial floors with 4,300 square feet each. I would like to refinance the existing debt of $1,500,000, with the balance of the loan used to pay my equity partner. This property has a city approval for constructing four more floors with a total of 24 apartments. This property is located across from the University of Wisconsin. The future rents would be strong, with no vacancies.
Status
Closed
Created
June 12, 2020 - 3:46pm
Hard Money Lenders Now Offering Real Estate Investor Loans in Wisconsin Milwaukee | Madison | Green Bay | Kenosha | Racine | Appleton Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans