Deal Status

Active

Property Address

7900 Technology Boulevard, Dayton, OH, USA

Dayton, Ohio

Requested Loan Amount

1160000

Loan to Value

61

Loan Term

36

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Commercial Property Type

Industrial

Industrial Property Types

Warehouse

Cannabis Business

No

Number of Units

1

Current Occupancy

Tenant Occupied

Current Occupancy Percentage

96

Loan Type

Refinance

Square Footage

35000

Current Market Value

1750000

Existing Mortgages

  • 2nd

Mortgage 2 Balance

360000

Equity Cash Out

Yes

Equity Cash Out Purpose

Business Working Capital

Equity Cash Out Details

This is an eCommerce business, the proceeds will be used to improve infrastructure to streamline delivery, inventory , and other time and cost saving metrics

Appraisal

Yes

Appraisal Date

07/14/2016

Property Photos

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Excellent

Additional Attachments

First Name

Mekhael

Last Name

Beckford

Company

Engel &Voelkers

Role

Consultant

Location

Orlando
Florida
USA