Loan amount
$6,000,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$10,000,000
{PP:$6,000,000}
LTV
60%
{LTV}
Property type
Industrial/Warehouse
Borrower Details
Credit score
700
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Searchlight
State
Nevada
Loan Details
Purchase price
$6,000,000
Down payment
$0
Additional Loan Information
This property will be used as a factory to process my raw materials into finished products. $6 million is required to buy and upgrade the property to meet my specifications; the entity in which this property is being placed has $760 million in NET assets on its books.
Status
Open
Created
January 14, 2021 - 1:58pm
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