Deal Status

Active

Property Address

Contact for street address, Birmingham Alabama 35208

Requested Loan Amount

$213,000

Loan to Value

75%

Loan Term

24 months

Lien Position

2nd

Collateral Type

Commercial Property

Exit Strategy

Refinance

Collateral and Loan Details

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

$800,000

Purchase Contribution

$587,000

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

Attachments

First Name

Edward

Last Name

Symmonett

Phone Number

(205) 393-5066

Company

Blue Marlin Equity Group, LLC

Role

Borrower

Location

Birmingham , Alabama

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