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Loan Request for Commercial loan in San Bernardino, CA, 92404

Request #3704692 by Lender

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9/27/2024 8:54:19 AM
San Bernardino, CA, 92404, USA Show Map
Commercial
$2,200,000
$1,700,000
77.27 %
700-719
Refinance and Construction
The purpose of this loan is to acquire two quadplexes (3 of 8 units rented, est. value $900,000, free and clear title) and two vacant lots. We plan to build multi-family units generating $2,300/month. Utilizing HUD grants, purchase, renovation, and construction costs are reimbursable. Our goal is to revitalize the community, increase property values, and provide affordable living.

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