Deal Status

Active

Property Address

Elk City, Elk City Oklahoma 73644

Requested Loan Amount

$499,000

Loan to Value

52%

Loan Term

24 months

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Collateral and Loan Details

Commercial Property Type

Hospitality

Hospitality Property Types

Limited Service Hotel

Number of Units

48

Current Occupancy

Tenant Occupied

Current Occupancy Percentage

100

Loan Type

Refinance

Square Footage

17,250

Current Market Value

$950,000

Existing Mortgages

1st

Mortgage 1 Balance

$499,000

Equity Cash Out

No

Equity Cash Out Purpose

Invest in a Business

Equity Cash Out Details

The borrower is using the funds to pay a loan that is due.

Have Appraisal

Yes

Appraisal Date

08/01/2019

Lot Size

5 acres

Will additional properties be collateralized?

No

Borrower Entity

Corporation

Borrower Credit Rating

Good

Comments

The property makes $28,936 per month easy debt service ratio.
Fund directly into the insuring title company with 125% ALTA policy.

First Name

Samuel

Last Name

Wolobah

Phone Number

(201) 667-3883

Company

GG - Consulting LLC

Role

Consultant

Location

Elk City, Oklahoma

Use the form below to contact the Dealmaker