Deal Status

Active

Property Address

Montgomery Alabama 36106

Requested Loan Amount

$1,820,000

Loan to Value

65%

Loan Term

12 months

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Collateral and Loan Details

Commercial Property Type

Industrial

Industrial Property Types

Manufacturing

Cannabis Business

No

Current Occupancy

Vacant

Current Occupancy Percentage

100

Loan Type

Acquisition

Has property been located?

Yes

Preferred Closing Date

11/30/2019

Purchase Price

$2,800,000

Purchase Contribution

$980,000

Purchase Contribution Source

Partner

Loan to Cost

65%

Purchase Plan

Other

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Good

First Name

Otis

Last Name

Houser

Phone Number

(334) 301-6195

Company

Second Chance Real Estate llc

Role

Borrower

Location

Prattville, Alabama

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