Deal Status

Active

Property Address

5452 W CRENSHAW ST

Tampa, Florida

33634

Requested Loan Amount

840000

Loan to Value

70

Loan Term

36

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Commercial Property Type

Other

Specialty Property Types

Other

Other Specialty Property Types

Office/Warehouse

Current Occupancy

Owner Occupied

Current Occupancy Percentage

100

Loan Type

Refinance

Existing Mortgages

  • 1st
  • 2nd

Equity Cash Out

Yes

Equity Cash Out Purpose

Business Working Capital

Equity Cash Out Details

Client wishes to pay off a private first mortgage and use equity as follows: - working capital - pay off business debt - subordinate 2nd SBA express LOC.

Appraisal

Yes

Appraisal Date

02/27/2018

APN Parcel ID

U-30-28-18-16Y-000000-00008.0

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Good

First Name

Robb

Last Name

Mercado

Company

Alternative Lending & Investments Group LLC

Role

Mortgage Broker

Location

Tampa
Florida
USA