Deal Status

Active

Property Address

Contact for street address

Birmingham , Alabama

35208

Requested Loan Amount

213000

Loan to Value

75

Loan Term

24

Lien Position

2nd

Collateral Type

Commercial Property

Exit Strategy

Refinance

Commercial Property Type

Multifamily

Multifamily Property Types

Apartments

Number of Units

75

Current Occupancy

Tenant Occupied

Current Occupancy Percentage

94.7

Loan Type

Acquisition

Junior Lien Type

Equity Joint Venture

Has property been located?

Yes, and it’s under contract

Purchase Price

800000

Purchase Contribution

587000

Purchase Contribution Source

Partner

Loan to Cost

75

Purchase Plan

Continue Rental (property is tenant-occupied)

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Good

Additional Attachments

4

First Name

Edward

Last Name

Symmonett

Company

Blue Marlin Equity Group, LLC

Role

Borrower

Location

Birmingham
Alabama
USA