Deal Status

Active

Property Address

Miami , Florida

Requested Loan Amount

5000000

Loan to Value

50

Loan Term

30

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Commercial Property Type

Other

Specialty Property Types

Religious Facility

Number of Units

1

Current Occupancy

Owner Occupied

Current Occupancy Percentage

100

Loan Type

Refinance

Square Footage

50000

Current Market Value

25000000

Existing Mortgages

  • 1st

Equity Cash Out

Yes

Equity Cash Out Purpose

Improve Subject Property

Equity Cash Out Details

Needs construction completion loan to build new facility which will seat 3200 people.

Appraisal

No

Will additional properties be collateralized?

Yes

Borrower Entity

Non-Profit Corporation

Borrower Credit Rating

Excellent

First Name

Steve

Last Name

Richardson

Company

Investors Realty Partners

Role

Mortgage Broker

Location

Los Angeles
California
USA