Deal Status

Active

Property Address

780 Highway 61 N, Vicksburg Mississippi 39183

Requested Loan Amount

$11,700,000

Loan to Value

75%

Loan Term

24 months

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Collateral and Loan Details

Commercial Property Type

Multifamily

Multifamily Property Types

Apartments

Number of Units

160

Current Occupancy

Vacant

Loan Type

Acquisition and Value-Add

Square Footage

160,201

Renovation Cost Estimate

$7,930,000

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

$18,527,943

Renos Completed

30

Contractor

Yes

Team Ready

Yes

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Good

Property Photos

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

Phone Number

(619) 780-3499

Company

Mira Financing Services

Role

Mortgage Broker

Location

San Diego, California

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