Deal Status

Active

Property Address

Sacramento, CA

Sacramento, California

Requested Loan Amount

1585000

Loan to Value

49

Loan Term

360

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Commercial Property Type

Retail

Retail Property Types

Street Retail

Cannabis Business

No

Number of Units

3

Current Occupancy

Tenant Occupied

Current Occupancy Percentage

100

Loan Type

Acquisition

Square Footage

9600

Has property been located?

Yes

Preferred Closing Date

10/25/2019

Purchase Price

3000000

Purchase Contribution

1530000

Purchase Contribution Source

Own Cash

Loan to Cost

49

Purchase Plan

Continue Rental (property is tenant-occupied)

Will additional properties be collateralized?

No

Borrower Entity

Corporation

Borrower Credit Rating

Excellent

Comments

Please quote me on the scenario below : Loan Amount $1,585,000 Appraised Value $3,175,000 Purchase Price $3,000,000 Loan to Value 49% Protective Equity $1,590,000 Property Type Retail Building Occupancy Non-Owner Invest Loan Term 2Year(40 due 2) *Appraisal Complete 7/08/19, Low LTV *6 Months pre-payment penalty included NEW PURCHASE, REMODELED LARGE RETAIL BUILDING 3 STORY 9,600 SQ. FT. RENTED HIGH END COMMERCIAL RETAIL 49% LOAN TO VALUE - SACRAMENTO, CA BORROWER STRONG 778/797/743 CREDIT PERSONAL GUARANTEE, STRONG LOCATION, GREAT NEW CONDITION. FULLY RENTED FOR $27,050 PER MONTH Borrower is a successful small business owner for the past 18 years. The family owns 3 homes and another building in the county.

First Name

Sam

Last Name

Goldd-Wolobah

Company

GG-Consulting LLC

Role

Consultant

Location

Bayville
New Jersey
USA