Deal Status

Active

Property Address

3734 N Southport Ave

Chicago, Illinois

60613

Requested Loan Amount

1300000

Loan to Value

65

Loan Term

12

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Commercial Property Type

Retail

Retail Property Types

Restaurant

Cannabis Business

No

Number of Units

1

Current Occupancy

Vacant

Loan Type

Refinance

Square Footage

4500

Current Market Value

2000000

Existing Mortgages

  • 1st

Mortgage 1 Balance

1050000

Equity Cash Out

No

Equity Cash Out Purpose

Business Working Capital

Equity Cash Out Details

Interest Reserve and Fee Reserve. No true Cash out.

Appraisal

Yes

Appraisal Date

04/12/2018

APN Parcel ID

14-20-114-031-000

Lot Size

0.07

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Average

Additional Attachments

h

Comments

Management/Tenancy Agreement being signed 06/17/19.

First Name

Daniel

Last Name

Moone

Company

Luna Capital Funding, LLC

Role

Mortgage Broker

Location

Chicago
Illinois
USA