Deal Status

Active

Property Address

Weymouth, Massachusetts

Requested Loan Amount

$$2,800,000

Loan to Value

70

Loan Term

12

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Collateral and Loan Details

Commercial Property Type

Retail

Retail Property Types

Restaurant

Cannabis Business

No

Number of Units

1

Current Occupancy

Tenant Occupied

Current Occupancy Percentage

100

Loan Type

Refinance

Current Market Value

4200000

Existing Mortgages

1st

Mortgage 1 Balance

2650000

Equity Cash Out

No

Appraisal

No

Lot Size

1

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Excellent

Comments

This is a bridge loan request. National corporate guarantee on NNN lease with 10 years remaining

First Name

Rob

Last Name

Johnson

Phone Number

844-800-5622

Company

Jmac Commercial

Role

Mortgage Broker

Location

Hull Massachusetts USA

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