Deal Status

Active

Property Address

N CHARLESTON, SOUTH CAROLINA 29405 South Carolina 29405

Requested Loan Amount

$250,000

Loan to Value

66%

Loan Term

360 months

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Collateral and Loan Details

Commercial Property Type

Office

Office Property Types

Office Building

Number of Units

2

Current Occupancy

Owner Occupied

Current Occupancy Percentage

100

Loan Type

Refinance

Square Footage

1,800

Current Market Value

$375,000

Existing Mortgages

1st ,

Mortgage 1 Balance

$112,000

Mortgage 2 Balance

$8,400

Equity Cash Out

Yes

Equity Cash Out Purpose

Business Working Capital

Equity Cash Out Details

CLIENT HAS A FRANCHISE WITH CHECK CASHING BUSINESS AND MUST MAINTAIN A REQUIRED CASH LEVEL. CLIENT WAS VICTIM OF IDENTITY THEFT AND HAS NO CREDIT SCORES, HIS PAY HISTORY TO MORTGAGE HOLDERS HAS BEEN PERFECT, WE HAVE VOM AND PAYOFFS, WE HAVE BPO ON VALUE

Have Appraisal

Yes

Appraisal Date

12/07/2018

APN Parcel ID

47.00.700.270

Lot Size

0.08 acres

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Average

Attachments

Comments

CLIENT ACQUIRED PROP IN 1999, HAS 1ST & 2ND MORTGAGES TOTALING $121,000, VALUATION $375,000, BECAUSE OF IDENTITY THEFT 4 YRS AGO, NO CREDIT SCORES, REFI FROM TWO 15% MORTGAGES.

First Name

EVERETT

Last Name

CAROLINA

Phone Number

(843) 902-7632

Company

JACINEZ HOLDINGS LLC

Role

Mortgage Broker

Location

Georgetown, South Carolina

Use the form below to contact the Dealmaker