Loan amount
$3,000,000
Loan type
Refinance
{No Cash-Out}
Property value
$6,500,000
LTV
46%
{LTV}
Property type
Retail/Strip Mall
Credit score
600
Deal experience
None
This loan scenario was submitted by a Broker
Yes
City
New York
State
New York
Current mortgage balance
$3,000,000
Additional Loan Information
This is a blanket loan on two properties in NY. Borrower is in default because of covid and regulations that were set in NY. LTV should be less than 55% The subjects are a retail strip and an office condo.
Status
Pending review: Please check your email. We will be sending you follow-up questions, if needed. Be sure to check your spam folder.
Created
April 14, 2023 - 11:22am
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