Mortgage lead for Commercial loan in Huntsville, AL, 35810

Loan Request for Commercial loan in Huntsville, AL, 35810

Request #3710402 by Lender

Date Posted

1/1/2025 5:32:11 PM

Property at

Huntsville, AL, 35810, USA Show Map

Borrower at

Rockville, MD, 20855, USA Show Map

Property Type

Commercial

Property Value

$12,000,000

Loan Request

$7,000,000

LTV

58.33 %

Credit Rating

600-619

Net Worth

$4,000,000 - $10,000,000

Loan Purpose

Property Purchase

Purpose

We are requesting a loan of $7,039,000 to finance the acquisition, development, and construction of four gas station and convenience store sites across Georgia, Texas, Alabama, and Florida. After Repair Value (ARV): $11,040,000 (based on 4x EBITDA multiple).
Loan-to-Value (LTV): 63.8%.
Debt Service Coverage Ratio (DSCR):
Year 1: 1.84x
Year 2: 1.93x
Year 3: 2.03x

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Loan Request for Commercial loan in Huntsville, AL, 35810