Loan amount
$1,785,000
Loan type
As-Is Property Value
$2,100,000
LTV
85%
{LTV}
Property type
Commercial / Office & Medical
Borrower Details
Credit score
830
Deal experience
5 deals
This loan scenario was submitted by a Broker
Property Details
State
California
Loan Details
Additional Loan Information
8200 ft stand alone, class b building in Mission Viejo, CA 65% occupied by buyer, 35% by doctor. Under contract, SBA is taking too long to close. Purchase price $2.1M. 15% down. Rental income $2,500. 12 month loan duration.
Status
Closed
Created
July 6, 2020 - 8:54am
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