Property Address

Starkville Mississippi 39759

Requested Loan Amount

$1,000,000

Loan to Value

1,760,000%

Loan Term

12 months

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Sale of Subject Property

Collateral and Loan Details

Commercial Property Type

Multifamily

Multifamily Property Types

Apartments

Number of Units

16

Current Occupancy

Tenant Occupied

Current Occupancy Percentage

100

Loan Type

Acquisition

Square Footage

13,368

Purchase Price

$800,000

Purchase Contribution

$250,000

Purchase Contribution Source

Own Cash

Loan to Cost

40%

Purchase Plan

Sell It

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Excellent

First Name

Lee

Last Name

VanHorn

Phone Number

(662) 417-9999

Role

Borrower

Location

Starkville Mississippi USA

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