Loan amount
$4,600,000
Loan type
Refinance
{Cash-Out}
As-Is Property Value
$10,000,000
LTV
46%
{LTV}
Property type
Vacant Land
Borrower Details
Credit score
600
Deal experience
8 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Boonsboro
State
Maryland
Loan Details
Current mortgage balance
$3,100,000
How much cash-out are you looking for?
$1,500,000
Additional Loan Information
• Property: 4 Entitled commercial lots
• Current Estimated Value: Approximately $10,000,000
• Proposed Sale: The current owner would sell 3 of the 4 lots to Food Retailer
• Food Retailer LOI: Pending LOI for $4,100,000
• Requested Financing: Approximately 50% of the appraised value, or approximately $5,000,000
• Proposed Structure: Senior lien/loan secured by the property
• Current Estimated Value: Approximately $10,000,000
• Proposed Sale: The current owner would sell 3 of the 4 lots to Food Retailer
• Food Retailer LOI: Pending LOI for $4,100,000
• Requested Financing: Approximately 50% of the appraised value, or approximately $5,000,000
• Proposed Structure: Senior lien/loan secured by the property
Status
Open
Created
September 1, 2026 - 2:36pm
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