[NickHubbard]

I have a client with a brand new retail center in Columbus, OH with 14 units that is 100% leased out. Tenants will be able to start moving in to their units in June and July. He needs to install several HVAC units and have additional operating capital until the center opens and it starts bringing in income. The monthly income will be $26,900. He is looking for a $200,000 Second Mortgage behind a $600,000 First. Estimated "As is" value is $3MM with an after upgrades installed value of $3.2MM. Using the "As is" value puts the CLTV at 27%. Any thoughts on who can do this?

Tom Harrier
Integrity Commercial Loans, LLC
broker@tomharrier.net
407-928-8542

Sherpa Capital Group | http://www.sherpacapitalgroup.com