Loan amount
Loan type
As-Is Property Value
50% {LTV}
Property type
3 unit commercial, 2 retail stores, 1 storgage/workshop unit
Borrower Details
Credit score
Deal experience
15 deals
This loan scenario was submitted by a Broker
Property Details
Loan Details
Additional Loan Information
Nice commercial property, two retail businesses leased, 1 storage/workshop leased. Value approx. $700,000 looking to cash out $350,000, no mortgage on it. Income $8,500.00 monthly, annual expenses, $40,000.00 (property taxes, water, insurance) tenants pay gas and electric. I own a residential property in the same area, also free and clear. Credit scores around 625 due to the fact this past year I've carried high balances on them.
August 26, 2019 - 1:41pm

Hard Money Lenders Now Offering Real Estate Investor Loans in Illinois Chicago | Aurora | Naperville | Joliet | Rockford | Springfield Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans