Loan amount
$500,000
Loan type
As-Is Property Value
$1,800,000
LTV
28%
{LTV}
Property type
Commercial rental venue
Borrower Details
Credit score
700
Deal experience
12 deals
This loan scenario was submitted by a Broker
Property Details
State
California
Loan Details
Additional Loan Information
Acquisition of an existing rental venue from a private club renovate and rent to public. Rental plan is to expand on previous rental contracts in 2016. The gross rental income was over $100,000. Looking for long term loan with an early no prepayment penalty. Located in Fresno, CA.
Status
Closed
Created
August 13, 2019 - 7:42am
Hard Money Lenders Now Offering Real Estate Investor Loans in California Los Angeles | San Diego | San Jose | San Francisco | Fresno | Sacramento Hard Money Loans | Refinance Cash-Out | Purchase | Fix-N-Flip | Commercial | Construction | SBA Business Loans