Loan amount
$0
Loan type
As-Is Property Value
$1,450,000
LTV
0%
{LTV}
Property type
Commercial / Hospitality
Borrower Details
Credit score
630
Deal experience
3 deals
This loan scenario was submitted by a Broker
Property Details
State
Indiana
Loan Details
Additional Loan Information
I own a property with a building and 5 acres of land in a high traffic area in Indianapolis, Indiana. I am in contract to sell to a large developer. The developer will demolish the building after close. The timeline for due diligence is 12 months. I would like some cash out for a period of 18 months or less. Part of the loan amount can be for 12 months of interest reserves. Currently owe $300K.
Status
Closed
Created
October 24, 2020 - 5:32pm
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