Loan amount
$17,080,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$19,000,000
{PP:$17,250,000}
LTV
90%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
377
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Cherry Hill
State
New Jersey
Loan Details
Purchase price
$17,250,000
Down payment
$170,000
Additional Loan Information
This is a predominantly property based {DSCR} acquisition funding request and the property in question has an NOI of $1.727,000 with minimal value add of estimated $350k to $500k The property has 120K+ SF with 89% Leased Diversified Income Stream – The Property is 89% leased to 17 tenants across healthcare, legal, financial services and professional business sectors, providing diversified in-place income from an established institutional-quality office asset.
·
o Attractive In-Place Yield with Leasing Upside – Offered at a 10.0% in-place capitalization rate with approximately $1.73 million in current net operating income, the Property also offers approximately 13,558 square feet of available space, providing investors with the opportunity to further enhance occupancy, increase cash flow and create additional value through proactive leasing. Pls NOTE: I would prefer anybody who could provide 100% acquisition finance, I am looking to make multiple acquisitions and need a reliable and strong financier who offers a no frill, seamless and fast funding service who could back these planned acquisitions.
·
o Attractive In-Place Yield with Leasing Upside – Offered at a 10.0% in-place capitalization rate with approximately $1.73 million in current net operating income, the Property also offers approximately 13,558 square feet of available space, providing investors with the opportunity to further enhance occupancy, increase cash flow and create additional value through proactive leasing. Pls NOTE: I would prefer anybody who could provide 100% acquisition finance, I am looking to make multiple acquisitions and need a reliable and strong financier who offers a no frill, seamless and fast funding service who could back these planned acquisitions.
Status
Open
Created
August 3, 2026 - 3:57pm
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