Deal Status

Active

Property Address

Lake Charles, Louisiana

Requested Loan Amount

450000

Loan to Value

69

Loan Term

60

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Commercial Property Type

Industrial

Industrial Property Types

Flex Space

Cannabis Business

No

Number of Units

1

Current Occupancy

Owner Occupied

Current Occupancy Percentage

100

Loan Type

Refinance

Current Market Value

650000

Existing Mortgages

  • 1st

Mortgage 1 Balance

64998

Equity Cash Out

Yes

Equity Cash Out Purpose

Business Working Capital

Equity Cash Out Details

Pay off vendor debt and taxes

Appraisal

No

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Excellent

Comments

Full file available via Dropbox. Please contact me to discuss.

First Name

Napoleon

Last Name

Butic

Company

Trout Business Capital

Role

Consultant

Location

Houston
Texas
USA