Loan Request for Commercial loan in Corcoran, CA, 93212

Request #3709360 by Lender

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Date Posted

12/12/2024 8:53:58 AM

Property at

Corcoran, CA, 93212, USA Show Map

Borrower at

Property Type

Commercial

Property Value

$700,000

Loan Request

$400,000

LTV

57.14 %

Credit Rating

750-759

Net Worth

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

Loan Purpose

Property Purchase

Purpose

Introducing a remarkable investment opportunity in the thriving city of Corcoran—a multifamily property strategically located near Corcoran High School. This is not just any property; it’s a high-potential asset poised for significant growth and returns. Currently under contract for a quick closing at an attractive $590,000, this investment has been strategically negotiated with a substantial discount from the original $875,000 asking price.
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Key features of this property include the ability to expand with an approved additional duplex, increasing the total number of units to eight. Each existing unit offers 2 bedrooms and 1 bath, providing comfortable living spaces that are highly desirable in the rental market. The units are equipped with modern amenities such as stainless steel appliances, granite countertops, central heating and air conditioning, and efficient tankless water heaters. Each unit is also individually metered for Electric, Gas, and Water, ensuring streamlined utility management and accountability. The proposed duplex already has its meters set, making it ready for immediate development.

The rental potential is robust, with each unit commanding a competitive $900 per month. This promises a steady and reliable income stream, enhancing the property's appeal to investors seeking immediate returns.

Our buyer, a veteran in the real estate market with excellent credit, is leveraging a hard money loan to facilitate a rapid closing. This strategic approach not only benefits the seller by accommodating their need for a fast transaction but also allows the buyer to secure this property at a significantly reduced price, positioning them for substantial future gains.

This investment is ideal for those looking to expand their portfolio with a property that offers both current income and future development potential. The proximity to local amenities, schools, and community resources further amplifies its attractiveness, ensuring strong tenant demand.
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Seize this opportunity to invest in a property that combines immediate cash flow with long-term growth potential. Reach out today for further details and secure your foothold in Corcoran’s promising real estate market!>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>See attachments - Text me to 818 430-2606 a soft quote or call today for more details!

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Loan Request for Commercial loan in Corcoran, CA, 93212