Loan amount
$300,000
Loan type
As-Is Property Value
$375,000
LTV
80%
{LTV}
Property type
Commercial
Borrower Details
Credit score
700
Deal experience
8 deals
This loan scenario was submitted by a Broker
Property Details
State
Florida
Loan Details
Additional Loan Information
Looking to refinance cash out. Property is free & clear. Located in Orlando, FL 32810. Need 70-80% LTV. Commercial 1 story Building 1,250 SqFt 1,650 Gross SqFt. Land 6,300SqFt. Leased to a car dealer since 2015. Current lease $2,600 Per month 5 Year. Credit score 730-770. Can show bank statements, Profit loss. Lease. Need cash to business investment and possibly purchase other real estate. Looking for 5-6% rate if possible. I am a broker representing my client.
Status
Closed
Created
March 21, 2020 - 10:32am
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