Deal Status

Active

Property Address

1651 Highway O #C1, Gravois Mills, MO 65037

Gravois Mil, Missouri

65037

Requested Loan Amount

935000

Loan to Value

62

Loan Term

24

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Commercial Property Type

Retail

Retail Property Types

Entertainment

Cannabis Business

No

Number of Units

1

Current Occupancy

Owner Occupied

Current Occupancy Percentage

90

Loan Type

Refinance

Square Footage

27662

Current Market Value

1500000

Existing Mortgages

  • 1st

Mortgage 1 Balance

535523

Equity Cash Out

Yes

Equity Cash Out Purpose

Improve Subject Property

Appraisal

No

Lot Size

27.662

Property Photos

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Excellent

Additional Attachments

h

Comments

VIP Cinema Inc, has an excellent track record operating movie theaters in the US. The principals are experienced in finding value add opportunities, increasing revenue, decreasing costs, and enhancing the guests experience. Lake West Movie Theater has a solid guests following and reviews due to the effective operational strategies VIP Cinemas, Inc is instituting. Client is looking to Cash out via a 2nd lien or 1st lien Refinance. This is one of the principals most popular and busiest location. The Movie Theater is Located at 1651 Highway O #C1, Gravois Mills, MO 65037 . The retail building has not only a move theater ,but also a restaurant , and a laundromat. The Principal is VIP Cinema, Inc, and has been in business over 15 years.

First Name

Cesar

Last Name

Rodriguez

Company

VIP Cinema Inc

Role

Mortgage Broker

Location

Orlando
Florida
USA