Loan amount
$85,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$105,000
{PP:$100,000}
LTV
81%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
720
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Mansura
State
Louisiana
Loan Details
Purchase price
$100,000
Down payment
$15,000
Additional Loan Information
This property is located in the heart of Mansura. The building contains brick and flooring from the 1950s and 1960s and is in good condition. The tenant has been in the building since 1982 and extended the lease for another three years (through March 2026). The tenant is responsible for all interior upkeep and utilities and applicable insurance. Owner pays fire and liability insurance and taxes (estimated $800/year). This is a Super Dollar store based out of Henderson, SC.
Status
Open
Created
November 13, 2023 - 7:46pm
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