Loan Request for Commercial loan in Hesperia, CA, 92345

Request #3691835 by Lender

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8/3/2020 11:35:30 AM
Hesperia, CA, 92345, USA Show Map
36 %
$1,000,000 - $4,000,000
Refinance all
Refinance two existing loans total $850,000 to lower the interest below 8.5%. The property is a light industrial 30,064 SF building on 2.5 acres. There are no environmental issues with the property. There are 18 tenants who are essential workers and all are paying on time. The property income is about $20,000 @ month. Tax returns show incomes for 2019 $223,340 . The owner believes he can sell the property for over $2,500,000 which makes the requested LTV only 36%. Jeff has good credit and makes the payments on the loan on time.

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