Deal Status

Active

Property Address

780 Highway 61 N

Vicksburg, Mississippi

39183

Requested Loan Amount

11700000

Loan to Value

75

Loan Term

24

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Commercial Property Type

Multifamily

Multifamily Property Types

Apartments

Number of Units

160

Current Occupancy

Vacant

Loan Type

Acquisition and Value-Add

Square Footage

160201

Renovation Cost Estimate

7930000

Renovation Description

Assets consists of 16 units all vacant. Property has 23 buildings total, of the 23 buildings, 5 buildings are burn and just slabs. Rehab estimate is a full interior and exterior rehab including all MEP's and New Construction. For more details please email me to g.edd@forumrealestateusa.com. For more detailed information on the Rehab/Construction Budget.

Renovation Budget

Yes

Future Value

18527943

Renos Completed

30

Contractor

Yes

Team Ready

Yes

Property Photos

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Good

Comments

Please email me if you are interested in this project. The borrowing entity and its guarantors are qualified to apply as they have all the assets and net worth. They wanted to move forward on the application process and close this deal this month. I have all the required documents. Please email me to g.edd@forumrealestateusa.com

First Name

Eduard Gener

Last Name

Mira

Company

Mira Financing Services

Role

Mortgage Broker

Location

San Diego
California
USA