Results 1 to 4 of 4
Threaded View
-
09-27-2018, 12:58 AM #1
- Join Date
- Dec 2017
- Posts
- 277
$400,000 Real Estate Loan
Hi,
The merchant is 100% owner of a general auto repair shop located in New York which has been operating for 14 years.
The shop averages $45,000 in deposits per month.
Credit score is 740.
The merchant owns a commercial property appraised for $1,200,000 and owes $300,000 on the mortgage.
The merchant is seeking $400,000 which is 20% of a $2,000,000 commercial property he is looking to purchase to renovate and rent.
The business shows a loss for 2017.
Merchant is rate sensitive.
I’m trying to figure out the best way to structure the financing.
Your input is appreciated.
Thank you.
Michael Sla*****er
msla*****er@sla*****er.com
Similar Threads
-
Real Estate Loan
By AidanQS in forum Deal BinReplies: 7Last Post: 05-16-2016, 11:53 AM -
Real Estate Bridge Loan
By helpinghand in forum Deal BinReplies: 4Last Post: 11-20-2015, 12:46 PM -
Real Estate Loan $15k
By jpos in forum Deal BinReplies: 4Last Post: 02-07-2015, 02:13 AM -
Commercial Real Estate Loan
By FUNd in forum Deal BinReplies: 6Last Post: 12-30-2014, 02:51 PM -
Loan for real estate investments
By mrmcfadden in forum All Other LendingReplies: 5Last Post: 12-30-2014, 12:38 PM