Deal Status

Active

Property Address

6000 Old York Rd, Philadelphia Pennsylvania 19141

Requested Loan Amount

$700,000

Loan to Value

85%

Loan Term

36 months

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Collateral and Loan Details

Commercial Property Type

Mixed-Use

Unit Mix Office

1

Number of Units

1

Current Occupancy

Tenant Occupied

Current Occupancy Percentage

100

Loan Type

Acquisition

Square Footage

10,210

Has property been located?

Yes, and it’s under contract

Purchase Price

$700,000

Purchase Contribution

$70,000

Purchase Contribution Source

Own Cash

Loan to Cost

85%

Purchase Plan

Occupy It

APN Parcel ID

882749500

Lot Size

0.31 acres

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Good

Attachments

Comments

Long term leasee. Tired Landlord wants out! Purchaser has been leasing the building for 15 years. Owner wants to sell and offering current leasee first right of refusal. Looking for funding and open. Client also has two residental properties with equity to pull money from to lower the LTV if needed.

First Name

Bill

Last Name

Purifoy

Phone Number

(610) 743-4160

Company

BP Funding Solutions LLC

Role

Mortgage Broker

Location

Philadeldphia, Pennsylvania

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