Mortgage lead for Commercial loan in Ontario, CA, 91761

Loan Request for Commercial loan in Ontario, CA, 91761

Request #3694947 by Lender

Date Posted

1/27/2023 11:00:14 AM

Property at

Ontario, CA, 91761, USA Show Map

Borrower at

Property Type

Commercial

Property Value

$2,900,000

Amount of Existing Loans

$455,000

Loan Request

$460,000

LTV

15.86 %

Credit Rating

780 or more

Net Worth

$1,000,000 - $4,000,000

Loan Purpose

Refinance all

Purpose

This is a vacant commercial lot currently which currently has the conditional usage permit approved from the city of Ontario, CA for the development of gas station, convenience store and restaurant space. The property also has a signed contact with 76 for 10 years for the development of gas station. The current market value of the property through broker valuation is 2.9M. The property was originally bought for 650,000 and the down put in was 250,000. We are looking to finance $455,000 of this loan.

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Loan Request for Commercial loan in Ontario, CA, 91761