Loan amount
$2,650,000
Loan type
As-Is Property Value
$2,650,000
LTV
100%
{LTV}
Property type
Commercial / Retail
Borrower Details
Credit score
500
Deal experience
1 deal
This loan scenario was submitted by a Broker
Property Details
State
New York
Loan Details
Additional Loan Information
Retail strip mall. 16% NNN cap rate for a multi-tenanted property that is 90% leased. National brands like Family Dollar and Rent-A-Center as well as an established medical practice I will offer less than the asking, but it's NOI is 424k. Looking for 100% financing and/or investment partners. $2.65M purchase price. Not yet in contract. Located in Buffalo, NY. Seeking 12 month loan.
Status
Closed
Created
February 5, 2020 - 8:27am
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