Deal Status

Active

Property Address

2450 PLAINFIELD NE

GRAND RAPIDS, Michigan

49505

Requested Loan Amount

125000

Loan to Value

75

Loan Term

36

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Commercial Property Type

Retail

Retail Property Types

Restaurant

Cannabis Business

No

Number of Units

1

Current Occupancy

Owner Occupied

Current Occupancy Percentage

100

Loan Type

Refinance

Square Footage

1800

Current Market Value

164996

Existing Mortgages

  • 1st

Mortgage 1 Balance

124998

Equity Cash Out

No

Equity Cash Out Purpose

Improve Subject Property

Appraisal

No

APN Parcel ID

41-14-08-154-003

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Poor

Additional Attachments

9
9
9
9

First Name

TOM

Last Name

KIM

Company

COMMERCIAL LOAN GROUP LLC

Role

Mortgage Broker

Location

GRAND RAPIDS
Michigan
USA