Deal Status

Property Address

1721 Beltline Road

Garland , Texas

Requested Loan Amount

300000

Loan Term

300

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Commercial Property Type

Retail

Retail Property Types

Free Standing Building

Cannabis Business

No

Number of Units

1

Current Occupancy

Owner Occupied

Current Occupancy Percentage

100

Loan Type

Acquisition

Has property been located?

Yes

Preferred Closing Date

09/18/2020

Purchase Price

300000

Purchase Contribution Source

Equity in Subject Property

Purchase Plan

Occupy It

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Good

Comments

This investment opportunity is for the refinancing of a liqour store that has been purchased with Hard money. The investment group is looking for a long term refinance option to pay off the hard money loan the used to purchase the building.

First Name

Eleasha

Last Name

Counts

Company

Patco Capital Funding, LLC

Role

Loan Broker

Location

McKinney
Texas
USA