Loan amount
$1,000,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$5,000,000
{PP:$2,500,000}
LTV
20%
{LTV}
Property type
Other Commercial
Borrower Details
Credit score
830
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
City
Jackson
State
Michigan
Loan Details
Purchase price
$2,500,000
Down payment
$1,500,000
Additional Loan Information
I am looking to buy a large (400,000 sqft) mixed-use building in Jackson, Michigan.
I run a software company, and we're looking to build a small data center to save on cloud costs.
The building is well-maintained and has a 10.5% cap rate, before I move in.
I run a software company, and we're looking to build a small data center to save on cloud costs.
The building is well-maintained and has a 10.5% cap rate, before I move in.
Status
Open
Created
June 25, 2024 - 4:42pm
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