Deal Status

Active

Property Address

TBD, Massachusetts

Requested Loan Amount

500000

Loan Term

120

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Commercial Property Type

Industrial

Industrial Property Types

Industrial Showroom

Cannabis Business

No

Current Occupancy

Vacant

Loan Type

Refinance

Square Footage

43124

Current Market Value

2500000

Equity Cash Out

No

Equity Cash Out Purpose

Invest in a Business

Equity Cash Out Details

* Building Improvements * Condo Development Project * CBD Business startup * Commercial Photography Company expansion

Appraisal

No

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Good

Comments

Making improvements to the commercial building to setup a CBD business with a well known brand in the shop front. Also expanding a Commercial Photography Business that is bringing in good revenue already as well as funding a 6 family condo development in the Boston area.

First Name

John

Last Name

Cohen

Company

Lux Expose

Role

Borrower

Location

Brockton
Massachusetts
USA