Loan amount
$890,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$2,285,000
{PP:$1,765,000}
LTV
39%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
705
Deal experience
2 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
La Marque
State
Texas
Loan Details
Purchase price
$1,765,000
Down payment
$875,000
Additional Loan Information
*Property Details:
--Property Type: Specialty
--Property Subtype: Educational /Religious/Other
--Building Size: 34,429 sqft.
--Year Built: 1962
--Land Acres: 2.72 Acres
--Opportunity Zone: Yes
--Frontage: Yes
--Amenities: 750+ Auditorium, Full Kitchen, Fellowship Hall, 30±
Classrooms /Offices, Corner Lot, Good Traffic Count
--Property Description:
This Magnificent School Facility is located in an established neighborhood . Built in 1962, with over 20,000sqft. of classroom space, it is a Great charter School, an educational institution, with a daycare. There's a full-service kitchen, 2 medium size warehouses in the back of the property, and brand new amenities too numerous to mention. This property did Not flood during Hurricane Harvey and has never taken on flood waters.
=========================================
*Loan Type: Purchase Loan /Acquisition Only
*Contract Closing Date: ASAP (10/17/2025)
*County Appraised Value: $2,285,790
Current As-Is Value: $1,765,000. (Appraisal Report)
*Purchase Price: $1,750,000.
*Loan Request: $1,312,500. (75% X $1,750,000.= $1,312,500.)
*Loan Term: 12 Months or Longer (No Pre-Payment Penalty)
*Number of Buildings: 3 Total (1 Main Building and 2 Small Warehouses)
*Monthly Taxes: $856
*Monthly Insurance: $427
--Property Type: Specialty
--Property Subtype: Educational /Religious/Other
--Building Size: 34,429 sqft.
--Year Built: 1962
--Land Acres: 2.72 Acres
--Opportunity Zone: Yes
--Frontage: Yes
--Amenities: 750+ Auditorium, Full Kitchen, Fellowship Hall, 30±
Classrooms /Offices, Corner Lot, Good Traffic Count
--Property Description:
This Magnificent School Facility is located in an established neighborhood . Built in 1962, with over 20,000sqft. of classroom space, it is a Great charter School, an educational institution, with a daycare. There's a full-service kitchen, 2 medium size warehouses in the back of the property, and brand new amenities too numerous to mention. This property did Not flood during Hurricane Harvey and has never taken on flood waters.
=========================================
*Loan Type: Purchase Loan /Acquisition Only
*Contract Closing Date: ASAP (10/17/2025)
*County Appraised Value: $2,285,790
Current As-Is Value: $1,765,000. (Appraisal Report)
*Purchase Price: $1,750,000.
*Loan Request: $1,312,500. (75% X $1,750,000.= $1,312,500.)
*Loan Term: 12 Months or Longer (No Pre-Payment Penalty)
*Number of Buildings: 3 Total (1 Main Building and 2 Small Warehouses)
*Monthly Taxes: $856
*Monthly Insurance: $427
Status
Closed
Created
October 3, 2025 - 5:59am
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