Deal Status

Active

Property Address

721 Morrow Road

Forest Park , Georgia

Requested Loan Amount

752500

Loan to Value

70

Loan Term

24

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Commercial Property Type

Other

Specialty Property Types

Religious Facility

Number of Units

3

Current Occupancy

Tenant Occupied

Current Occupancy Percentage

85

Loan Type

Acquisition

Square Footage

31787

Has property been located?

Yes

Purchase Price

1075000

Purchase Contribution

322500

Purchase Contribution Source

Own Cash

Purchase Plan

Continue Rental (property is tenant-occupied)

Lot Size

8.1

Property Photos

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Excellent

Additional Attachments

Comments

Client is seeking to acquire a Church property with three buildings, totaling 31,787 s.f. in Forest Park, GA. Client has over 23 years experience in developing and re-developing various real estate assets. Their current holdings include a parking lot that services Yankee Stadium, a Laundromat, Catering hall, and daycare center.

First Name

Matthias

Last Name

Mogensen

Company

Role

Mortgage Broker

Location

Orlando
Florida
USA