Loan amount
$2,240,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$3,100,000 {PP:$2,500,000}
LTV
72% {LTV}
Property type
Retail/Strip Mall
Borrower Details
Credit score
624
Deal experience
14 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Columbia
State
Missouri
Loan Details
Purchase price
$2,500,000
Down payment
$260,000
Additional Loan Information
27,000 sqft strip mall, 88 parking spaces, currently 50% occupied. We would like to completely change the atmosphere of that strip mall, a previously unsafe location will now be a police hot spot as our new restaurant will offer free meals to any law enforcement officer with their badge. We will bring an Essentialz to this property which is a well known convenience store in Columbia Missouri. Other locations that will be showcased in this strip mall include Elite Boutique originally from North Carolina showcasing only the finest brands, a barber shop, and The Daiquiri Shoppe originally located in Dallas Texas, the closet location currently is Kansas City providing daiquiris and amazing food to the shoppers of the mall.
Status
Created
November 11, 2023 - 12:00pm

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